BGL financial services group has pre-let 14,300 sq ft on the sixth floor of White Collar Factory. It will be a complementary digital hub for the BGL Group and its brands, which include comparethemarket.com. BGL is taking a 10-year lease with rental incentives equivalent to an 18-month rent free period.
White Collar Factory is now almost 30% pre-let with completion due in Q3 2016.
John Burns, Chief Executive Officer of Derwent London, commented:
“We are delighted to welcome BGL to our portfolio. These lettings demonstrate the strong positive occupier and rental momentum in the Tech Belt, and for our landmark development at White Collar Factory”.
Matthew Donaldson, Chief Executive of BGL, commented:
“We’re delighted to be establishing our presence in London with these first class, modern offices which complement our Peterborough HQ and our progressive, digital business.”
Derwent London was represented by Cushman & Wakefield and Pilcher Hershman, and Deloitte acted for BGL.