The premium serviced office provider, which specialises in the high-end Central London market, has taken an additional floor, adding to its London office to rent on Old Broad Street. The expansion will create more than 11,000 sq ft of extra space to their existing business centre.
Overall, the company operates five centres in key locations across the City and the West End. Across this portfolio the client retention rate is currently 92%.
Speaking about the expansion, Richard Gill, Landmark managing director, said: “Due to the continuous success and heightening demand for high-end serviced office space, it was a quick decision to add the eighth floor of 125 Old Broad Street to the Landmark Plc portfolio.”
The expansion of Old Broad Street is the latest in a long line of achievements and developments for the company, as it looks to achieve a turnover in excess of £20m for the 2014/15 financial year.
Previously specialising in the City of London market, in 2013 the provider announced plans to expand its operations to the West End. This saw the launch of a new London office to rent in Dover Street. The Mayfair-based property achieved a 50% occupancy rate pre-launch; further proof that high-end serviced offices are increasingly sought-after among London occupiers.
The Landmark brand, with its reputation for high quality, designer offices, is ideally positioned to provide London-based businesses this kind of luxury space. And with the expansion of their Old Broad Street business centre, they are already doing just that.
But would-be occupiers will need to move quickly to secure their space: the new floor of Old Broad Street isn’t due to open until next month but already pre-lets have been secured. 77% of space within this popular London office to rent is now let.
With this kind of take up and a booming London office market, surely it won’t be long until Landmark is expanding its portfolio once more.
Looking for a London office to rent? Read more about serviced options in London:
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(Image: courtesy and copyright of Landmark Plc)