The leading real estate investment company is set to redevelop 1 Triton Sq after it agreed one of the largest pre-lets in the West End in over 20 years.
British Land has announced plans to redevelop 1 Triton Square, Regent’s Place, after finalising terms on a pre-let of the office space covering 310,000 sq ft with Dentsu Aegis Network for a 20-year term.
The global media firm currently occupies 118,000 sq ft at 10 Triton Street and its decision to remain at Regent’s Place is another strategic step in achieving British Land’s campus vision for the site.
The 366,000 sq ft redevelopment increases the lettable area by 127,000 sq ft and includes 20,000 sq ft of retail and leisure at ground floor and 10,000 sq ft of affordable work space.
Designed by architects Arup Associates, the eight-storey building will offer modern, flexible work space around a large central atrium providing linkage between floors and creating a vibrant social hub.
The redevelopment will also deliver four large roof terraces and incorporate sustainable and smart technologies to support mobility and collaboration across the group.
Planning consent has been granted by the London Borough of Camden and work is expected to start on site in March.
Tim Roberts, head of offices at British Land, said: “I am delighted that we have agreed one of the largest pre-lets in the West End in over 20 years with Dentsu Aegis demonstrating the strength of demand for high quality, well-located space.
“This enables us to commit to our redevelopment at 1 Triton Square, which marks the next phase in the evolution of Regent’s Place.
“This is a great example of our campus approach in action. We are focused on creating vibrant and engaging environments across our portfolio by increasing the mix of uses, and curating the public realm as well as delivering great buildings.
“Dentsu Aegis’s decision to commit to 1 Triton Square and Regent’s Place reflects the success of that approach.”
Regent’s Place is a 13-acre campus in London’s West End, close to Great Portland Street and Warren Street underground stations as well as Euston mainline railway station.
The campus has been substantially redeveloped in recent years, with 10-30 Brock Street the most recent addition.
Occupiers include Facebook, Santander, Dimensional Fund Advisors and Debenhams corporate headquarters.
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