Racing Post, the sports betting UK daily, is moving its London office from Canary Wharf to Hermes Investment Management and the Canada Pension Plan Investment Board’s South Bank Central, SE1.
The print and digital publisher has agreed to take 15,500 sq ft on a 10-year lease at the scheme, where quoted rents are £65 per sq ft. It will move from its existing office at Canary Wharf Group’s One Canada Square, E14.
The move follows the publication’s takeover by Exponent Private Equity last September.
WeWork agreed a deal to rent 72,000 sq ft of offices across three floors of South Bank Central’s Vivo building at the end of last year.
Hermes asset manager Stephen Bradley said: “Racing Post is a strong addition and further bolsters the impressive occupier mix already in place at South Bank Central. The development offers state-of-the-art offices and retail space, and has been designed to provide tenants with an unrivalled community in a strategic location where businesses can thrive. We look forward to announcing more lettings in the near future.”
CBRE, Farebrother and Union Street Partners advised Hermes; Grove Property represented Racing Post.
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