Business
Brunel Building Office Space Fully Pre-Let
Brunel Building Office Space Fully Pre-Let.
About this update from Derwent London Plc
[{"type":"text","content":"\n \nRNS Number : 2295U Derwent London PLC 28 March 2019 \n\n \nDerwent London plc (\"Derwent London\" / \"the Group\")\nBRUNEL BUILDING OFFICE SPACE FULLY PRE-LET\n \nDerwent London is pleased to announce that the entire office space of Brunel Building in Paddington W2 is now fully pre-let, prior to the completion of the development. The final three office floors have been pre-let to Splunk Services UK Limited, a subsidiary of Splunk Inc. (\"Splunk\"), an American public multinational corporation that produces software for searching, monitoring, and analysing machine-generated big data.\n \nSplunk has signed on the remaining 49,600 sq ft of offices on the third, fourth and fifth floors on similar terms as previous lettings in the building.\n \nOther occupiers who have committed to the seventeen-storey 243,200 sq ft building include Sony Pictures, Paymentsense, FA Premier League, Hellman & Friedman, Coach and Alpha FX. The offices are now fully pre-let at £17.6m per annum, 2.4% above December 2018 ERV. The remaining 5,500 sq ft of restaurant/café space is under offer.\n \nThe Fletcher Priest designed scheme, with its exciting external diagrid structure, is fast becoming a Paddington landmark. The innovative design creates generous 3.5m tall largely column-free 17,000 sq ft office floorplates with two of the floors benefitting from large rooftop terraces. The ground floor will have a spacious canalside reception as well as a 5,500 sq ft restaurant/café. The project will open up new public access to Paddington Basin and is sited opposite an entrance to the Elizabeth line at Paddington station.\n \nJohn Burns, Chief Executive of Derwent London, said:\n\"We are delighted that Splunk has completed the roster of leading creative companies that have chosen Brunel Building as their new home. Our pre-letting success supports our design-led approach as well as our confidence that London continues to attract major international businesses.\"\n \nRichard Timperlake, vice president of EMEA, Splunk, commented:\n\"Our move to the Brunel Building later this year is testament to Splunk's growth in the UK and EMEA and puts us in a strong position to continue to attract the best and brightest talent. It will also ensure our employees operate in the best po...