Giant UK retailer Debenhams will take 145,000 square feet of
office space
at the 13-acre estate Regent's Place, which is situated in the West End of London. Regent's Place, which is mostly owned by British Land, one of the leading property development and investment companies in the United Kingdom, comprises around 1.5 million square feet of office space, along with leisure, residential, and retail space as well. Regent's Place has been developed across a quarter of a century by the firm together with architect Sir Terry Farrell, and is now very close to a 100 per cent occupation rate.
The new head office of Debenhams will be at a new commercial property that is situated within the North East Quadrant, an area that will provide as much as 340,000 square feet of office space when it finally reaches completion in 2013 and is the final phase of the Regent's Place development. As much as 40 per cent of the building from the ground to the fourth floor will be occupied by Debenhams.
"We are delighted to have secured space at Regent's Place for our new headquarters," says Michael Sharp, the chief executive of Debenhams. "The estate is well positioned in the West End with great communication links across London. It also provides outstanding amenities and sense of community for its occupants... We look forward to working with British Land and moving into the new offices in 2013."
