British Land has secured a final tenant for one of its Regent’s Place office buildings, demonstrating once again the soaring popularity of Euston.
Orthodontics specialist Nimrodental is the final tenant to secure space at 350 Euston Road. The company agreed a lease on more than 8,000 sq ft of space and will join other tenants including Capital One, Digital Cinema Media and FTSE 250 company DS Smith within the building.
350 Euston Road is a Grade A office building, comprising 124,300 sq ft of space over six floors. Designed by Sheppard Robson with an emphasis on sustainability, the building has won several awards for its environmental design and initiatives.
The property also forms part of British Land’s Regent’s Place; a mixed use campus between King’s Cross and Paddington. Contemporary, glass-fronted office buildings comprising Grade A space form an integral part of the site, complemented by leisure, retail and residential space set around the open space of Regent’s Plaza. Overall, the campus has an occupancy rate of 97.6% across its 1.5m sq ft of space.
Speaking about the agreement, James Danby, Director of London Leasing at British Land, said: “The successful re-letting of the third floor at 350 Euston Road underlines the strength of demand for office accommodation at Regent’s Place”.
Danby also points to the “highly diverse occupier-mix, both at the building and across the campus as a whole.” This mix is integral to the development of the area and to creating a business community which is both vibrant and sustainable in the long term. Both of these factors are critical to attracting occupiers for the site.
Nimrodental’s move to Regent’s Place and the one hundred per cent occupancy rate for 350 Euston Road yet again confirms the surging popularity of Euston as a business destination.
Together with King’s Cross, the area is benefiting from significant regeneration around the two major transport hubs in Midtown. The impact of these projects is already beginning to be felt. King’s Cross has secured search giant Google as headline tenant, while Facebook announced a move to 10 Brock Street, Regent’s Place towards the end of 2013.
Is Euston a new London hotspot? Which other areas should businesses be watching right now?
(Image: Regent’s Plaza, Euston, courtesy and copyright of British Land.)