Debenhams regents place
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Tim Roberts, Head of Offices at British Land 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.
The news comes after Debenhams agreed with British Land. Constructive negotiations with our landlords are a key part of this process. The move is set to take Facebook's Regent's Place footprint up to aroundsq ft.
Debenhams will return its central functions to the upper floors of its London flagship on Oxford Street, where they will be closer to the business and to customers. Moving back to Oxford Street will deliver a material saving in our annual rent bill and lease commitments.
The move will take Facebook's Regent's Place footprint up to aroundsq ft. The lease at Regent's Place, which is located on the north side of Euston Road in Camden, had been due to run to In the summer.
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The offices are fully let to Debenhams, Facebook, Manchester City Football Club, Santander Asset Management and Whitefoord LLP. At the same time, our Deebenhams will continue to have the best of what we have to offer in a better-curated store still trading over five floors. The space has been re-let to Facebook.
Debenhams is leaving the offices after a six-year stay. The development of 10 Brock Street will complete our Regent's Place estate, which has been transformed over the last five years through major redevelopment and upgrades to the public spaces and retail offerings.
In the summer Facebook, which Debdnhams occupies space at the mixed use campus, announced plans to double its office footprint in the capital by moving to a new Kings Cross headquarters by It ly traded on a footprint ofsq ft over seven floors. For more information.
The development which was started in is well underway and due to complete on schedule in 12 months' time. This move comes amid a major cost reduction drive from Debenhams, which is currently looking to push through a refinancing deal with bondholders.