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Lend Lease confirms Regent’s Place HQ deal

 

Lend Lease has confirmed it is moving into new offices at British Land’s 13-acre Regent’s Place estate, NW1.

 

The company’s EMEA business has taken 80,000 sq ft over four floors at 20 Triton Street as its new permanent headquarters, as tipped by EG in June.

 

Bovis Lend Lease carried out the construction of the building.

 

The REIT has not released quoting rents for the Euston project but deals are thought to have been agreed at around £50 per sq ft.

 

In March this year, BL completed more than 200,000 sq ft of deals at Regent’s Place. Energy company GazProm took 89,000 sq ft in 20 Triton Street, while media firm Aegis took the whole of the neighbouring 10 Triton Street. That deal accounted for a total of 117,000 sq ft.

 

The scheme reached practical completion earlier this year.

 

In its first quarter results today British Land said is on site at the final phase of Regent’s Place – known as the North East Quadrant, with 500,000 sq ft scheduled for delivery in 2013

 

Savills advises Lend Lease; Knight Frank and DTZ are acting as letting agents on Regent’s Place.

 

bridget.oconnell@estatesgazette.com

 

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