This new and fast-expanding social network has taken a 10 year lease at the Alphabeta building in Shoreditch. This is one of Resolution’s landmark properties, covering 240,000 sq ft of space between Shoreditch and the City. It has proven popular in recent months, with the international asset management and investment processing business SEI signing for 58,000 sq ft in the building in March this year.
In 2013 Elsevier, the world-leader in providing scientific and medical information services, bought out Mendeley. The company, which specialised in research reference management and is an academic social network, was formed in 2008 by three medical students. Its current headquarters are between Clerkenwell’s White Bear Yard and New York.
Resolution's Jacob Loftus welcomed the addition of Mendeley to the property and expressed that the companies goal would be to "add to the mix of digital and media companies, underlining the building’s appeal to a new generation of creative business".
David Lee is vice-president of finance and commercial at Mendeley, and he commented “We work hard to make Mendeley a great place to work. Our new offices at Alphabeta will be destination workplace in the heart of Tech City”.
The Alphabeta building is recognised as a landmark development partly due to its location between London’s creative and financial worlds, and its transformation from its previous occupant Triton Court. Resolution Property also counts The Ampersand in Soho among its portfolio and could continue its development in areas such as Manchester.
Allsop and Savills represented Resolution, while BNP Paribas advised Mendeley.