British Land has signed chocolate bar manufacturer Mars and chemicals company Sasol to 4 Kingdom Street, W2, the newly completed office building at its Paddington Central campus.
Mars, the company behind Mars Bars, Maltesers and Galaxy Chocolate as well as other consumer products, has agreed a 10-year lease to occupy 30,300 sq ft on the sixth and seventh floors.
Sasol, the international chemicals and energy company, has agreed a 10-year lease for 15,150 sq ft on the eighth floor of the building.
The tenants join Finastra, the computer software firm, which recently signed a 10-year lease for 42,400 sq ft over three floors.
The deals take 4 Kingdom Street, which launched in June, to 89% let or under offer at an average rent of £71 per sq ft, 5% ahead of the pre-referendum ERV on a net effective basis. The remainder of the space will be taken by Storey, British Land’s flexible workspace brand, which will take space across the fourth, ground and lower ground floors of the building.
Tim Roberts, head of offices and residential at British Land, said: “To have attracted such high-quality occupiers to 4 Kingdom Street is an endorsement of the work we have done to improve Paddington Central.
“It also shows that British Land’s campus strategy is delivering results, where a focus on providing exceptional environments around our buildings is as crucial as delivering first-rate workspaces inside them.”
To send feedback, e-mail Louisa.Clarence-Smith@egi.co.uk or tweet @LouisaClarence or @estatesgazette
