Post Office has taken a lease for 17,495 sq ft of office space in the City from Pontegadea Real Estate.
Post Office will occupy the third floor at 100 Wood Street, EC2, which comprises more than 148,000 sq ft of grade-A mixed-use space. Nearly 38,000 sq ft remains available across four floors.
A spokesperson for Post Office said: “Our ambition for this move was to secure office space that met the shifting workplace needs of our staff and save costs.
“We underwent an extensive consultation process to achieve this, looking at aspects such as daily requirements, utilisation figures, amenities, and location, which resulted in this mixed offering. This allows us the scale to fit-out multifunctional space that can be adapted with ease, with the additional flex desk space at City Tower.
“It’s great to be extending our commitment to London’s City, which has been our base for over 11 years.”
Ben Thomson, head of central London tenant representation at BNP Paribas Real Estate, which advised Post Office, said: “The occupier market for prime central London offices remains resilient, however those occupiers looking to relocate want property that that not only meets business needs but also one which provides an attractive working environment for their staff and future hires. Securing 100 Wood Street for the Post Office provided the ideal solution.”
100 Wood Street was designed by Norman Foster. Its features include Wired Score Platinum status, 2.75m floor-to-ceiling heights, car parking and bike storage.
RX London acted for Pontegadea Real Estate.
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