Ralph Lauren, Mango, Luca Faloni, Hobbs and Whistles to open at Broadgate Central c.200,000 sq ft of office leasing activity across the City campus

British Land has had a strong start to the year at Broadgate, further strengthening the campus’s retail offering and delivering c.200,000 sq ft of office leasing activity.

Leading fashion brands Ralph Lauren, Mango, Luca Faloni, Hobbs and Whistles are taking space at Broadgate Central which spans the ground and lower ground floors of 1 Broadgate and 100 Liverpool Street, linking Liverpool Street station to Finsbury Avenue Square with 120,000 sq ft of retail and hospitality space. 1 Broadgate will complete later this year with the building’s office space 96% pre-let to JLL and A&O Shearman, with an opportunity to capture significantly higher rents on the remaining space. 

The campus continues to see strong office leasing activity as demand for well-located workspace grows. Since the start of the calendar year, British Land has agreed terms or placed under offer c.200,000 sq ft to businesses across a range of sectors at 155 Bishopsgate, Broadgate Tower, Broadwalk House, 10 Exchange Square, Exchange House, 199 Bishopsgate and our space at Storey. 

This activity sits within the context of City office take-up which is up 13% versus the 10-year average, with active requirements at their highest level since 2011 and an estimated 5 million sq ft shortfall of development deliveries over the next 4 years.

Simon Carter, Chief Executive, at British Land, said: "This is a strong start to the year for Broadgate. The demand we’ve seen for workspace across the campus is due to its excellent connectivity and unrivalled range of amenities, with businesses seeking high quality space within a well located, thriving environment. The fantastic additions to our retail offer at Broadgate Central will only enhance the campus’s appeal.”

This raft of activity follows a successful year of office leasing across the campus with c.750,000 sq ft of deals completed in 2024. This includes 77,000 sq ft to Akin Gump, a 75,000 sq ft regear with Marex at 155 Bishopsgate, as well as 261,000 sq ft to Citadel and Citadel Securities at 2 Finsbury Avenue. In January Broadgate REIT, owned equally by British Land and GIC, signed a joint venture agreement with Modon Holding to deliver the 750,000 sq ft 2 Finsbury Avenue development. 

Broadgate consistently attracts high footfall of over 29 million visitors a year, with retailers seeing a 4.6% increase in sales year-on-year. 

-ENDS-

Investors

Jonty McNuff, British Land
07931 684 272

Media

Charlotte Whitley, British Land
07887 802 535

About British Land
British Land is a UK commercial property company focused on real estate sectors with the strongest operational fundamentals: London campuses, retail parks, and London urban logistics. We own or manage a portfolio valued at £13.6bn (British Land share: £8.9bn) as at 30 September 2024.

Our purpose is to create and manage Places People Prefer – outstanding places that deliver positive outcomes for all our stakeholders on a long term, sustainable basis. We do this by leveraging our best in class platform and proven expertise in development, repositioning and active asset management.

We have both a responsibility and an opportunity to manage our business in an environmentally and socially responsible manner. Our approach to sustainability is focused on three pillars: Greener Spaces, Thriving Places and Responsible Choices.

Read more about us at www.britishland.com.