Property developers and investors British Land have announced plans to build 310,000 square feet of office space as part of their Regent Place campus with media company Dentsu Aegis as the tenants.

The publicly listed company have announced these plans to redevelop the latest part of their Regent Street campus, with their main tenants announcing their plans to move from nearby 10 Triton Street, where they currently occupy 118,000 square feet of prime office space.

This new development is just the latest phase of British Land’s 13-acre Fitzrovia campus which notably features the UK offices of Santander, Facebook, and Debenhams, among other companies. These large investments in the UK office sector show that many companies are looking beyond the short term ramifications of Brexit as they continue to view London as their home for the future.

Works for this new development will begin in March 2018 and British Land have announced that this redevelopment will mean an increase the lettable area of the property by 127,000 square feet. Tim Roberts, British Land’s Head of Offices lauded the development, stating that this latest phase is a perfect example of their campus approach to building in action.

This letting to Dentsu Aegis is the largest single letting of office space in the West End in over 20 years and shows that this famous part of London remains a sought after location for people looking to base their offices in the capital.

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