The refurbishment of 79,000 sq ft at 338 Euston Road is progressing well, reports British Land. Facebook will occupy 66,000 sq ft of space here early next year.
Source: The British Land Company PLC Half Year Results 17 November 2015
British Land reports that Facebook UK (“Facebook”) has signed an Agreement for Lease at 338 Euston Road , part of its 13 acre mixed use campus at Regent’s Place.
Facebook will occupy the fifth floor of the building, as well as floors nine to sixteen and a ground floor events space, totalling 66,000 sq ft. This space is in addition to the 87,000 sq ft that Facebook already occupy at Regent's Place, following the company’s decision to relocate their UK headquarters to 10 Brock Street in 2013.
338 Euston Road provides 112,000 sq ft of modern Grade A office space over 17 storeys, and will be comprehensively refurbished when Hachette and BT vacate in May. The building is also home to occupiers including Regus and ZS Associates.
The building forms part of Regent’s Place, British Land’s mixed use campus located in the West End. The campus, which is fully let, is home to 45 office occupiers drawn from a range of industry sectors, as well as The Triton Building, a 26 storey tower with 94 residential apartments. The campus is centred around Regent’s Place Plaza, an acre of public space that plays host to an array of events and serves as a place for people to meet, eat and spend time.
James Danby, Head of Office Leasing at British Land, said: “Facebook’s decision to expand their presence at Regent’s Place is a fantastic endorsement of the campus, and underlines their commitment to this location. While the area’s connectivity and the quality of the office space are of course significant factors, our work to make Regent’s Place a vibrant destination in its own right has been crucial in attracting high calibre media and technology businesses, of which Facebook is unquestionably one.”