Linkedin Technology UK Limited, a subsidiary of professional networking website LinkedIn, has signed the deal for their new London headquarters. The company has pre-let the entire 83,000 square feet of office space at The Ray Farringdon from Viridis Real Estate Services.
119 Farringdon Road used to be the home of The Guardian. Today, the redeveloped building stands seven-storeys high and each of those seven office floors has their own external terrace. The floor plates range from 16,000 square feet on the lower floors to 9,000 square feet on the top floor. The building also boasts a roof terrace with panoramic views over the capital.
The Ray Farringdon also has 12,000 square feet of retail space and 6,000 square feet of affordable office space. After LinkedIn moves from its current London offices in Castlewood House on Oxford Street to 119 Farringdon Road, their employees will have access to secure cycle storage, as well as changing and shower facilities. The building has attained a BREEAM rating of ‘Outstanding’.
Property investors Viridis Real Estate Services acquired the building in 2012 and began redevelopment with London-based architects AHMM designing the building. It is Viridis’s third central London office development in recent years after they completed the redevelopment and letting of 67 Lombard Street in The City and 28 Chancery Lane in Midtown.
LinkedIn first opened offices in London in 2008 and is now choosing to relocate from a more central location to be in Clerkenwell, near Farringdon Station. This move is probably in part due to the opening of the new Crossrail Station at Farringdon, with the line now due to open in autumn 2019. Already a popular location for businesses, the Farringdon area is expected to experience a large boost from the new Elizabeth line, with companies looking to set up offices there.
Cushman & Wakefield and Knight Frank represented Viridis in the deal and Colliers acted on behalf of LinkedIn.