- British Land Company
- 09 July 2025 07:54:04
Source: Sharecast
At Broadgate, British Land said leasing of new Storey space has been "strong", with 201 Bishopsgate address now fully let or under offer to 11 businesses, including DocuSign and the National Institute for Health and Care Research, at an 18% premium to traditional net effective rents, including accounting for fit out depreciation. The recently completed Storey space at Broadgate Tower, spanning 12,500 square feet, was also already 67% let or under offer within six weeks of launching.
Across the wider Broadgate campus, British Land said it has struck 12 leasing deals spanning 48,000 square feet in the three months ended 30 June, 4.1% ahead of enterprise rental value.
At Norton Folgate, British Land said there has been 11 leasing deals totalling £3.0m of rent, representing around a quarter of the space remaining, with the new leasing activity taking Norton Folgate to 64% let or under offer. It also said the property remains on track to be fully let by the end of the financial year.
British Land's head of real estate, Kelly Cleveland, said: "Leasing momentum at our City assets has continued into the new financial year due to the strength of demand and acute lack of supply in this part of London.
"Both Storey and Norton Folgate provide exceptional space, with a vibrant environment that appeals to smaller, fast paced, innovative businesses, with a focus on brand and culture. These businesses typically take decisions at speed, and both spaces provide a range of options for them to move into quickly."
Reporting by Iain Gilbert at Sharecast.com