Westminster City Council is to step in and let Land Securities’ longstanding Strand offices after the property company departs in 2017.
The council is scheduled to take 57,000 sq ft at the BlackRock owned offices in 5 Strand, near Trafalgar Square, WC2, while its civic headquarters at Westminster City Hall, 64 Victoria Street, SW1, undergoes refurbishment.
Land Securities announced its move to Victoria in 2017 as part of its £2.2bn redevelopment of the area.
The REIT will take 48,000 sq ft at 80-100 Victoria Street, SW1, part of its Cardinal Place scheme. The council will take up the remainder of LandSec’s lease on 5 Strand, which expires in 2018.
Last year BlackRock appointed Alchemi Group as development manager for 5 Strand to work with architect Adjaye Associates to redevelop the 75,000 sq ft, 1980s office building after 2018.
It is understood no agents are acting on the deal.
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