Financial software company Finastra has taken three floors at British Land’s 4 Kingdom Street, W2, in Paddington Central.
Finastra has signed a ten-year lease for the first, second and third floors, totalling 42,400 sq ft.
The 4 Kingdom Street block, which provides 147,000 sq ft across nine floors, is the first building to be developed by British Land at Paddington Central and is now 89% let or under offer.
Paddington Central comprises 11 acres and is home to tenants including Microsoft, Vodafone, Shire, VISA and Prudential.
British Land acquired part of the Paddington Central office campus in 2013 for £470m and bought One Sheldon Square for £210m in 2015. Since then, BL has invested nearly £100m in the construction of 4 Kingdom Street and surrounding public realm.
The company appointed architects Allies and Morrison to review and update an existing planning consent for the premises to provide larger floorplates, roof terraces and glass meeting pods on each floor.
Tim Roberts, head of offices and residential at British Land, said: “The commitment from Finastra and strength of interest in the other floors is the result of our decision to re-configure the building to deliver greater flexibility, more collaborative spaces and a unique roof space, along with our substantial improvements to the campus environment.
“We believe the delivery of 4 Kingdom Street is well-timed, given the lack of supply in the West End market, and the arrival of Crossrail at Paddington in 2018.”
Cushman & Wakefield and CBRE are joint agents on 4 Kingdom Street. CBRE advised Finastra.
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