Business
Sainsbury's signs lease at The JJ Mack Building
Sainsbury's signs lease at The JJ Mack Building.
About this update from Helical Plc
[{"type":"text","content":"\n\n 5 December 2023\n\nHELICAL PLC\n(\"Helical\" or the \"Group\")\n \nSAINSBURY'S SIGNS LEASE FOR NEW LONDON OFFICE\nAT HELICAL AND ASHBY CAPITAL'S JJ MACK \n \nHelical plc and Ashby Capital have let the first, second and third floors comprising 68,002 sq ft of best-in-class office space at The JJ Mack Building, 33 Charterhouse Street, EC1 to J. Sainsbury plc. The retailer is expected to relocate its existing London office from 33 Holborn, which is only a few hundred yards away, to the new building in the next two years.\n \nThe recently developed building totals 200,611 sq ft of office space across 11 floors, alongside 5,439 sq ft of ground floor retail. It is rated EPC A and is anticipated to receive both a BREEAM Outstanding rating and a NABERS 5* assessment for energy in use. Incorporating market-leading technology within the building enables tenants to easily manage their ambient environment. Tenant amenities include 426 cycle spaces and high-quality showers and changing rooms.\n \nWith the sixth and seventh floors, totalling 37,880 sq ft, let to Partners Group and the 13,408 sq ft ninth floor let to Corio Generation, part of the Macquarie Group, The JJ Mack Building is now 58% occupied. \n \nThe building takes its name from the grocery store formerly located on the corner of the site, owned by JJ Mack, a market trader whose career started with just a street barrow. It sits opposite the Victorian Smithfield Markets Building, which is undergoing extensive refurbishment and restoration to become the new Museum of London. Farringdon Station, one of the best-connected stations in London following the opening of the Elizabeth Line, is just 150 yards away.\n \nSimon Roberts, Chief Executive of J Sainsbury plc, said: \"We're delighted to have signed a new agreement that will see Sainsbury's London Store Support Centre relocate to 33 Charterhouse Street in 2025. This is a really exciting opportunity for us to create a modern and sustainable workspace that is better suited to our needs and ways of working as our business continues to evolve.\n \n\"Sainsbury's has a long and proud history in London, dating back to 1869 when John James and Mary Ann Sainsbury opened their first shop in Drury Lane. We know that our success depends on our brilliant colleagues and by moving to a more f...