Snapchat has agreed to lease the whole of 7-11 Lexington Street office building, reports Edward Charles and Partners.
Snapchat has taken a 10-year lease on the 12,570 sq ft building, which is arranged over four floors and has been comprehensively refurbished.
Quoting rents at the scheme were £925,000 per annum for the office, and the deal, which completed this week, includes the provision of a two-bedroom apartment for the incoming tenant in addition.
It marks Snapchat’s first European office acquisition and highlights the enduring appeal of Soho as a destination for businesses in the media and technology sectors, despite historic lows in office availability throughout the West End. Nearby occupiers include Sony, M&C Saatchi, Apple and Universal.
Edward Charles and Partners acted on behalf of Columbia Threadneedle.