Helical has signed cloud-based data warehousing company Snowflake at its Old Street scheme, The Tower, EC1.
Snowflake has signed a five-year lease for 9,568 sq ft on the 14th floor the scheme, which is part of Helical’s Bower development. The deal will see Helical undertaking a fit out for the new tenant.
The deal follows Helical signing marketing group Incubeta for the 16th floor of the building in June.
Prior to this, Helical also announced Finablr, the owner of Travelex and UAE Exchange, had signed for space as well as Infosys company Brilliant Basics, online fashion platform Farfetch and WeWork.
The developer has now let 82% of office space in the building, with 30,949 sq ft remaining.
Tom Anderson, senior investment executive at Helical, said: “Snowflake is one of Silicon Valley’s hottest venture-backed companies, so its decision to relocate its UK HQ to The Bower is significant and further demonstrates The Bower’s appeal as a major London hub for creative businesses.
“Snowflake is taking this floor on a full turn-key basis, which proves that our focus on customer service, alongside a flexible approach to lease structuring, meets the demands of today’s discerning occupiers. We only have three floors left and are in active discussions for all this remaining space.”
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