Nuclear expert plots global HQ at Paddington Square

Urenco, a nuclear specialist, has signed a 10-year lease to occupy 25,186 sq ft in Paddington, W2. It has let the sixth floor of Paddington Square, 128-142, Praed Street, at £85.50 per sq ft or £2.1m per annum. It will take occupation next month. Paddington Square, owned by Great Western Developments, is a 430,000 sq ft mixed-use development that includes 350,000 sq ft of office space, 86% of which is now let. Other tenants in the building include Capital Group, DS Smith and Kingfisher. Justin Brand, asset director for Great Western Developments, said: “We have seen strong interest as office tenants realise the potential in Paddington Square as one the best-designed and best-connected office locations in London with direct  access to central London, via five Tube lines including the Elizabeth Line, Heathrow and the rest of the UK with direct Tube access to all of London’s mainline stations. “Our retail and F&B offering are opening fast which is bringing the site to life creating an exciting new destination for West London, ready to provide a new, world-class welcome, to the millions of travellers per year who pass through Paddington station.” JLL is letting agent on the building. See more lettings in London W2 >>