Amazon has agreed a deal to take a further 80,000 sq ft of office space at Brookfield’s Principal Place, EC2.
The online retail giant signed a 430,000 sq ft prelet in 2014 at a rent of around £50 per sq ft with an option to take the remaining space in the 16-storey tower, which is to complete in Q1 2017.
Now it has agreed to take around half of the remaining space in the 600,000 sq ft building. Cushman & Wakefield and Allsop have been instructed to market 43,000 sq ft across the third and fourth floors.
The deal will be seen as a positive sign for the City occupier market amid uncertainty in the wake of the EU referendum vote.
JLL has predicted that low vacancy, combined with an increasingly diverse occupier base, should prevent a dramatic fall in rents compared with previous market corrections.
The £13.6bn Italian doctors and dentists pension fund ENPAM completed a deal in May to buy a 50% stake in Principal Place for around £400m.
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