The White Chapel Building
04/10/2016 by Buildington

Derwent London has pre-let the top two floors at The White Chapel Building to Government Digital Service (“GDS”).

The initial rent is £2.8m pa or £52 per sq ft, and is above June 2016 ERV. GDS is taking 54,700 sq ft on a 10-year lease with a break in year five. The rent free period is 8 months rising to 18 months if no breaks are exercised.In

The Government has reaffirmed its commitment to GDS and the work they are doing to support transformation across departments. The GDS team will be moving to modern and expanded offices to create a new digital hub ideally situated close to the tech cluster of East London.

Ben Gummer, Minister for the Cabinet Office and Paymaster General, said:

“After visiting the GDS team myself in recent weeks it is even more important to me that the brilliant people that work there get a brilliant place in which to work. With more money and improved offices, GDS can accelerate their efforts to transform and improve public services right across the UK.”

John Burns, Chief Executive Officer of Derwent London, commented:

“The arrival of GDS is another great addition to The White Chapel Building which now hosts an exciting mix of occupiers across the tech and professional services sector. The spread of activities and commitment endorses our strategy of creating a mid-market rental product in this significantly improved area on the eastern side of the City and the Tech Belt.”

Derwent London’s agents were Cushman & Wakefield, BNP Paribas Real Estate and Colliers International.

Show all news for The White Chapel Building