British Land has announced that social media giant Facebook has signed an Agreement for Lease at 338 Euston Road, expanding its presence at Regent’s Place.
Facebook will occupy the fifth floor of the building, along with floors nine to sixteen and a ground floor events space totalling 66,000 sq ft.
This is in addition to the 87,000 sq ft already occupied by Facebook at Regent’s Place, following the relocation of the company’s UK headquarters to 10 Brock Street in 2013.
338 Euston Road provides 112,000 sq ft of Grade A office space over seventeen storeys, and is due to be comprehensively refurbished next month when two of the current occupiers vacate the building.
Regent’s Place is British Land’s 13 acre mixed use campus in the West End. The campus is fully let to occupiers from a range of industry sectors. It also includes The Triton Building, a 26 storey tower providing 94 residential apartments.
The campus is centred around Regent’s Plaza, a public space which plays host to a variety of events as well as serving as a place to meet, eat and pass the time
Head of Office Leasing at British Land, James Danby, said: “Facebook’s decision to expand their presence at Regent’s Place is a fantastic endorsement of the campus, and underlines their commitment to this location.
“While the area’s connectivity and the quality of the office space are of course significant factors, our work to make Regent’s Place a vibrant destination in its own right has been crucial in attracting high calibre media and technology businesses, of which Facebook is unquestionably one”.
Facebook currently has over 1.39 billion active users around the world and, at the latter end of last year, was worth $200 billion.
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