JLL under offer at British Land’s Broadgate campus

JLL has agreed to take up circa 132,000 sq ft at British Land’s 1 Broadgate, EC2. The latest Marketview central London report from CBRE has named it as one of three key locations placed under offer in the second quarter of 2020. It also listed Rabobank as being under offer on circa 90,000 sq ft at HB Reavis’ Bloom Clerkenwell scheme in Farringdon, EC1, and Baker McKenzie’s prelet at 280 Bishopsgate. British Land and GIC won planning approval to redevelop 1-2 Broadgate early last year. Designed by AHMM, the plans will create a 530,000 sq ft replacement building, providing 375,000 sq ft of offices between the third and 12th floors and 155,000 sq ft of shops and leisure space. JLL launched a search for a new 180,000 sq ft central London hub in October 2017. It was aiming to consolidate its commercial offices across the capital and had been targeting achieving this by around 2022. JLL’s current offices include: 30 Warwick Street, W1, where it occupies the entire 72,503 sq ft building on a lease expiring in 2021; 25 Walbrook, EC4, where it occupies 10,500 sq ft on a lease expiring in 2024; and 40 Bank Street, E14, where it occupies 57,335 sq ft with an undisclosed lease expiry. Richard Howling, chief operating officer at JLL UK, said at the time of launching the requirement: “Bringing our three offices together into one core location will allow us to provide the best workspace for our people. “As technology continues to revolutionise working life, flexibility, connectivity and user experience are key to JLL’s workspace transformation. “At this initial stage in our search, we are open minded about location, so we are casting the net fairly wide across the city.” JLL and British Land have been contacted for comment. tweet @DransfieldL or @estatesgazette