LinkedIn closes Farringdon HQ deal

LinkedIn has completed a deal to establish a new London headquarters at Viridis Real Estate’s Ray Building in Farringdon, EC1. LinkedIn has prelet 83,000 sq ft at  the redeveloped former Guardian HQ. Quoting rents at the 113,000 sq ft building start at around £70 per sq ft and increase for the higher floors. EG reported in April that the company was nearing a deal to acquire 57,500 sq ft at the building. Viridis, the real estate vehicle of the Saudi Jameel family, acquired the site for around £29m in 2012. The AHMM-designed redevelopment includes terraces at every level and ground-floor space for shops, a gallery and restaurant or café. LinkedIn currently occupies just under 50,000 sq ft in AXA Real Estate’s Castlewood House, 77-91 New Oxford Street, WC1, and has the option to activate a break clause in its lease in mid-2018. Colliers International is advising LinkedIn; Knight Frank and Cushman & Wakefield are joint letting agents for office space at the Ray Building. Cushman & Wakefield and Knight Frank represented Viridis, Colliers acted on behalf of LinkedIn.     To send feedback, e-mail anna.ward@egi.co.uk or tweet @annaroxelana or @estatesgazette