British Land has exchanged contracts to let more than 310,000 sq ft of office space to Dentsu Aegis at its 1 Triton Square development near Euston, NW1.
In a significant boost to the West End’s third-quarter take-up figures, the company has completed a deal to allow the media company to relocate within its Regent’s Place scheme, where it is currently headquartered at 10 Triton Street.
Aegis will take the whole of the 311,800 sq ft Triton Square building, which was approved by the London Borough of Camden at planning committee in May.
The quoting rents at 10 and 20 Triton Street are understood to have been around £50 per sq ft, although the rent being paid by Aegis at the new development is undisclosed.
News of the deal comes a week after EG revealed that Sumitomo Mitsui Banking Corporation was preletting around 200,000 sq ft of space at British Land’s 100 Liverpool Street, EC2. Meanwhile, the company’s 4 Kingdom Street development is understood to be fully prelet or under offer.
In central London as a whole, the first three quarters of 2017 saw take-up of 9.2m sq ft, which is 8% higher than at the same stage in 2016.
The largest deal of the quarter was a 549,800 sq ft prelet at 21 Moorfields, EC2, a proposed development connected to a new Crossrail station. The other three deals of over 100,000 sq ft were in the West End. That includes the Dentsu Aegis prelet and the preletting of 150,000 sq ft by BCG Consulting at Derwent London’s 80 Charlotte Street, W1.
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