Last year, the retail group released plans to consolidate its existing London office rentals and form a single headquarters within the North East Quadrant (NEQ) of the expanding mixed use development.
The NW1 office tower at 10 Brock Street is a key element of the 500,000 square feet NEQ residential, retail and office. Located to the north of the core West End office district the Camden borough site is situated close to the Euston Tower, the modernist landmark and the classical Nash crescents and terrace buildings of Regent’s Park.
This week’s announcement will see the department store operator lease a further 30,000 square feet of Camden office space in NW1. Taking the retailers occupancy of 10 Brock Street, to over half the total floor space.
Debenhams’ CEO Michael Sharp announced his delight in securing the deal and added that "The estate's attributes are clear to see, being well positioned and featuring fantastic amenities, and we continue to work with British Land ahead of moving into the new offices in 2013."
Debenhams 25-year lease has no break options and will commence next May, when the Wilkinson Eyre designed office building is scheduled completion by British Land. Existing tenants of Regent's Place include Aegis Group, Gazprom, Lend Lease, Ricoh, and Dimensional Fund Advisors.
British Land’s Tim Roberts said "It is hugely pleasing to be letting this additional space to Debenhams, in what is the largest pre-let in the West End for over six years."