British Land and Blackstone have announced that global law firm Hill Dickinson has agreed to let 32,000 sq ft of office space at the Broadgate Tower. The firm has agreed a ten year lease and are set to occupy levels six, seven and part of level eight of the 33-storey tower located in the heart of London’s financial district.
Headline rents for the deal are £43.50 per sq ft on levels six and seven, and £47.50 per sq ft on level eight. Hill Dickinson also has the option to acquire the remaining 5,400 sq ft of office space on level eight.
The new letting means that the Broadgate Tower is now approximately 92% occupied, leaving just over 34,000 sq ft of vacant space remaining. Overall occupancy at Broadgate is 94.7%. The 35-storey 397,000 sq ft Broadgate Tower is the City’s fourth tallest building rising to a height of 165m (540 ft) and offering stunning views across the London skyline.
Tim Roberts, Head of Offices at British Land said: “These lettings continue to show British Land’s ability to provide quality buildings that modern businesses want to occupy and is why our portfolio lets so well. Broadgate’s ability to attract firms of the calibre of Hill Dickinson reinforces its position as the premier office estate in the City, offering an appealing mix of first class office space and excellent on site amenities and services."
CBRE advised Hill Dickinson in the transaction, while Jones Lang LaSalle and Knight Frank acted on behalf of British Land and Blackstone.