The Shard nears full capacity

The Shard hits capacity

The Shard offices are now fully let after Warwick Business School increased its footprint at the site by more than half.

Real Estate Management (UK) Ltd (REM) on behalf of the building’s owners, has announced The Shard’s offices are now fully let following the expansion of Warwick Business School.

The highly respected academic institution, which has one of the most prestigious executive MBA programmes in Europe, has increased the footprint of its flagship London campus in The Shard by a further 52% to a total of 18,500 sq ft.

Its ‘campus in the sky‘ opened in September 2014 after transforming 12,150 sq ft of office space on Level 17 into a state-of-the-art lecture theatre, seminar rooms and an information technology laboratory. The institute is now taking a further 6,342 sq ft on Level 13 to house a second lecture theatre.

The final office letting to WBS marks the realisation of the late Irvine Sellar’s vision to create a truly vertical city. The Shard’s offices are occupied by 31 businesses including household names and market leaders from a diverse range of industries including fashion, legal, finance, consumer goods, healthcare, media and technology.

Overall a total of eight different use classes operate over its 72 floors, providing additional amenities for the office occupiers, encouraging visitors to the building and its surrounding neighbourhood.

James Sellar, chief executive officer of Sellar, developer and co-owner of The Shard, said: “Together with the State of Qatar, we have achieved what we set out to deliver; a vibrant and dynamic building that has been both a catalyst and a magnet for further investment in this part of Southwark.

“The Shard has become a global landmark that, against all odds, and is recognised as a blueprint for the creation of a European vertical city.

“We have concluded an offices lettings programme that has secured a unique blend of tenants and reflects our objective to produce a building, which mirrors the incredible diversity of British business life.”

Cllr Peter John, leader of Southwark Council, said: “The Shard has transformed London Bridge, brought new jobs and opportunities, and symbolises the ambition of Southwark where the sky really is the limit. 

“The new businesses in The Shard mean thousands of new jobs, not just in the building itself, but also supporting many other businesses nearby, from pubs and bars to Borough Market and small independent retailers.

“As one of London’s ‘must-visit’ venues, The Shard means more visitors than ever before are coming to Southwark and get to experience all that our borough has to offer in the very heart of the city.”

Andy Lockett, dean, Warwick Business School said: “We picked The Shard as our first London base because it’s a beacon for business and matched our aspirations for our highly ranked Executive MBA Programme, and our executive education more broadly.

“It has proved to be the perfect base - exceptional transport links make it easy to access and we have light, inspiring spaces that create the perfect learning environment. We are delighted we could expand within the building to accommodate even more students.”

Knight Frank and JLL are the leasing agents on The Shard. Cushman & Wakefield acted for Warwick Business School.

BQ’s commercial property updates are supported by specialist lender Together, which provides funding to businesses and property investors nationwide. With over forty years’ experience in the financial services industry, Together offers short-term finance, auction finance, buy-to-let, residential and commercial mortgages and secured loans.

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