Jaguar Land Rover pounces on new Old Street home
Jaguar Land Rover has taken 12,000 sq ft at Script, LBS Properties’ Old Street office development.
The carmaker has taken a 10-year lease on the fifth and sixth floors of the 51,000 sq ft building, at 44 Featherstone Street, EC1, to be its collaboration office.
Nick Crawford, chief executive of LBS Properties, said: “It is great to see the plans that Jaguar Land Rover has for its new office space, which I am sure will be an excellent example of how office use has evolved over the past few years, with a focus on collaboration and innovation. We look forward to welcoming more forward-thinking businesses to Script over the coming months.”
Jaguar Land Rover has taken 12,000 sq ft at Script, LBS Properties’ Old Street office development.
The carmaker has taken a 10-year lease on the fifth and sixth floors of the 51,000 sq ft building, at 44 Featherstone Street, EC1, to be its collaboration office.
Nick Crawford, chief executive of LBS Properties, said: “It is great to see the plans that Jaguar Land Rover has for its new office space, which I am sure will be an excellent example of how office use has evolved over the past few years, with a focus on collaboration and innovation. We look forward to welcoming more forward-thinking businesses to Script over the coming months.”
A further 22,500 sq ft of Cat A space remains available at Script, in addition to the fully fitted 7,500 sq ft first floor. Rents are quoted at £69.50 per sq ft.
LBS was advised by Compton and Cushman & Wakefield, while Jaguar was unrepresented.
Compton founder Elliott Stern said: “The City fringe continues to be a focus for creative and innovative businesses that wish to attract the best and brightest staff at a global level. This transaction underlines that this is true not just for the technology and media sectors, but also for the world of international manufacturing.”
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Photo © Compton, courtesy of Net Yield
