British Land adds another Storey to 100 Liverpool Street
British Land is increasing the amount of space given to its flexible office business at its redevelopment of 100 Liverpool Street.
The City of London Corporation has given the go-ahead for a change of use in one of the units on the first floor of the building, part of the Broadgate campus, EC2. The approval lets British Land turn about 3,300 sq ft intended for retail into office space.
That space will be used for British Land’s Storey brand, which will also occupy the second floor of the building. City Corporation documents say the additional space “would act as an extension to [British Land’s] operations in the building of providing alternative work settings and catered meeting rooms and event space”.
British Land is increasing the amount of space given to its flexible office business at its redevelopment of 100 Liverpool Street.
The City of London Corporation has given the go-ahead for a change of use in one of the units on the first floor of the building, part of the Broadgate campus, EC2. The approval lets British Land turn about 3,300 sq ft intended for retail into office space.
That space will be used for British Land’s Storey brand, which will also occupy the second floor of the building. City Corporation documents say the additional space “would act as an extension to [British Land’s] operations in the building of providing alternative work settings and catered meeting rooms and event space”.
A spokesperson for British Land said the additional space would be branded as Storey Club, a part of the three-year-old business that the company has described as “part lounge, part café, part meeting rooms, part events space”.
Although only a small change to the overall plans for the building, the additional Storey space sees British Land join several other flexible workspace providers in growing their offering. Many are betting that, as the coronavirus pandemic passes, flexible workspace on short leases will be an increasingly attractive option for corporate occupiers rethinking their real estate needs.
L&G, for example, wants to double the number of its Capsule sites to 55 by the end of the year. Fora, until now running flex offices only in the UK, has ambitions to open in cities across Europe and the US.
British Land’s 100 Liverpool Street is due to complete in the coming months. Office tenants signed up to prelets include law firm Milbank, Japan’s Sumitomo Mitsui Banking Corporation Europe, and corporate finance advisory firm Peel Hunt.
Only the 10th floor remains vacant, with a marketing push for the space due to be launched next week.
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