Transport for London no longer to take up office space in the Shard as developers target top-end tenants

The planned first tenant of the Shard building, will not be moving into the London Bridge premises, which are due for completion in 2012.

Developers, Sellar Property Group and the State of Qatar, have acquired Transport for London’s (TfL) pre-let agreement in hopes of placing the build at the top end of the property market.

TfL had planned to take up 20,000 square feet of office space.

A spokesman for London Bridge Quarter said: This agreement enables us to position the Shard at the very top end of the London office market. Together, the Shard and London Bridge Place will deliver more than 1m sq ft of Grade A offices located on one of London’s busiest transport hubs in a landmark building of the highest quality”.

A lack of merited office space in London has led to an increase in demand. Developers hope to take advantage of this by pricing the space at the new build at the higher end of the spectrum.

The pointy tower is made up of 586,000 square feet of office space and will include a hotel, apartments and retail and leisure space, according to Property Week.

The building and its surrounding space will make up the London Bridge Quarter. This scheme will boast a train and bus station, a square and concourse designed by architect Renzo Piano.

Piano also designed the recently unveiled and colourful Central St. Giles development that created vibrant office space in Croydon.

Author: Amy Edwards | | 0 Comments

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