British Land has secured a first letting at its mixed-use Norton Folgate scheme, near Spitalfields, E1, to law firm Reed Smith.
Reed Smith has prelet a third of the space at British Land’s Norton Folgate scheme, 126,800 sq ft of which is Blossom Yard and Studios, a year ahead of completion.
Norton Folgate is a 340,000 sq ft, net zero carbon mixed-use scheme comprising eight buildings including shops, bars, restaurants and all-electric offices.
Mike Wiseman, head of office leasing at British Land, said: “Businesses are sharply focused on the role of their workspace in promoting their brand and culture, attracting and retaining talent, and supporting their sustainability objectives. As a result, we continue to see excellent demand for best-in-class, well-located and highly sustainable office space.”
Andrew Jenkinson, London office managing partner at Reed Smith, said: “While literally just across the street from our current office, Blossom Yard feels a world away from the City. The events of the last two years have led to fundamental changes in the way we work together. This led us to rethink the space we need for the future and how we can use that creatively. Our people have more choice and flexibility in how and where they work than ever before and our new offices will be an attractive, vibrant and dynamic destination.”
British Land was advised by JLL; Allsop and JLL acted for Reed Smith.
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