The Shard, London’s iconic ‘vertical city’, is nearing full capacity after global online retailer MATCHESFASHION.COM agreed to extend the size of its headquartered by 40%.
MATCHESFASHION.COM has expanded its headquarters presence in The Shard by 40% just six months after it moved into the iconic vertical city.
As a result the company will now occupy a total of 48,000 sq ft in The Shard, the centrepiece of the London Bridge Quarter, and becomes the fourth tenant to expand its space in the building.
The firm joins Sage, Duff & Phelps and Foresight who have similarly taken additional space in The Shard. This latest letting also means that virtually all of The Shard’s 600,000 sq ft office space has now been let.
The news follows last month’s announcement that The Kraft Heinz Company (Kraft Heinz) has taken 38,000 sq ft of space on Levels 20 and 21 on a 12-year lease to relocate its European and UK headquarters from Hayes, Middlesex, to The Shard in Q2 2017.
The Shard is home to 29 companies operating across a diverse range of business sectors including energy, retail, finance, technology, healthcare and professional services. London Bridge Quarter is now 97% let.
Irvine Sellar, The Shard’s developer, co-owner and vice-chairman of REM, said: “MATCHESFASHION.COM is a highly-respected and progressive fashion company that continues to enjoy significant business growth. The Shard is a pull factor for business visitors while transport connectivity and local amenities are high on the list of priorities to satisfy employees.
“This has had a positive impact on our occupiers, but is also indicative of the quality of the businesses from different industries that The Shard attracts. We have a responsibility to support our 29 diverse occupiers, so we are considering holding back some of the limited remaining space for existing businesses that are already committed to this rich and inspiring location.”
Tom Chapman, co-executive chairman of MATCHESFASHION.COM, added: “Since moving our Global HQ to The Shard in June 2016, we have seen continued growth acceleration of the business. As a result, we require additional space to support MATCHESFASHION.COM to offer an inspiring working environment to the many diverse and talented people that are driving the success of the business.”
The Shard has played an instrumental role in the transformation of London Bridge, which has undergone a significant change over the last 15 years. London Bridge station has received significant investment including the remodelling of the concourse to accommodate increased footfall. These improvements have undoubtedly increased the attractiveness of the area for businesses.
JLL and Knight Frank are the leasing agents for The Shard; MATCHESFASHION.COM was advised by Making Moves; Kraft Heinz was advised by CBRE.
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