Land Securities has secured its first office letting at the Zig Zag Building as leading fund group Jupiter Asset Management has taken 56,000 sq ft on a 20 year lease. The deal means the office space is 28% let more than 10 months ahead of practical completion.
The Zig Zag Building is also known as ‘The Thoughtful Building’ because of its occupier-focused design. Interior space will be naturally lit from this island site. Tenants will have access to a concierge service, private terraces, bike storage, high end showers and a large communal roof terrace offering exceptional views and green space. Designed by Lynch Architects, the building steps back along Victoria Street, creating a unique zigzag effect. As well as creating unique spaces on the floors, this design will see the creation of new public realm as well as more space for pedestrians along Victoria Street.
Retail will also be key to the development, with Mango due to open a 12,000 sq ft flagship store, and tapas restaurant Iberica taking a 5,000 sq ft unit on the ground floor. In addition Jamie Oliver has taken 8,000 sq ft at the neighbouring Kings Gate luxury residential and retail development.
Kaela Fenn-Smith, Head of Commercial at Land Securities, said:
Maarten Slenderbroek, Chief Executive Officer at Jupiter, said:
“We are very pleased that The Zig Zag Building will become our new permanent London office and global headquarters in 2015. This was a carefully considered choice which fits with all of the strategic objectives set out when we began the process of search and selection for a new location. This is also a particularly important decision from our employees’ perspective and we feel that The Zig Zag Building has many positive attributes, located in a regenerated area that has excellent transport links and local facilities. Its environmental credentials and prosimity to St James Park were also influential factors in our decision-making process.”
Knight Frank, Cushman & Wakefield and JLL advised Land Securities, Simon Garfield advised Jupiter.
Source: Land Securities www.landsecurities.com