Circle Housing is relocating its London headquarters to King’s Cross, N1.
The housing group has signed a ten-year lease for 15,000 sq ft of office space from the King’s Cross Partnership to create a hub for its central team, as well as a meeting and collaboration space.
At the end of this year, Circle will close its head offices based at Swan Yard and Circle House, N1, which have housed its central teams since the group was first formed in 2005.
The group expects to save around £300,000 over the next two years as a result of combining the teams to create a new head office.
It forms part of its office strategy to reduce its footprint and total occupancy costs by 50%.
Circle will be neighbours with a number of other social and not-for-profit organisations including Camden council, Central St Martins and PRS for Music.
Robert Kerse, executive director of finance for Circle Housing, said: “Our current offices simply aren’t fit for purpose, they are costly to maintain, have too many empty desks and no longer meet our needs and aspirations. The King’s Cross regeneration offers some of the best-value central London spaces at the centre of an exciting transformation of an area which will connect us to our business and social aspirations.”
Carter Jonas advised Circle; Savills and DTZ acted for King’s Cross.
annabel.dixon@estatesgazette.com
