INDUSTRY NEWS

Facebook secure new offices in Knowledge Quarter

Social networking service Facebook has signed a deal with British Land for a new London office in Central London’s Regent’s Place. The deal will add 66, 000 sq. ft to their existing 87,000 sq. ft offices at 10 Brock Street.

The move comes after Facebook vacated their previous 36,000 sq. ft premises in Covent Garden, which is now occupied by King Digital, creators of mobile game Candy Crush.

Facebook will occupy the ground floor, 5th floor and 9-16th floors.

The ‘Knowledge Quarter’ and surrounding area is currently home to UCL, the governments Digital Catapult Centre, and will also soon welcome Google.

British Land head of office leasing, 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 also expanded their U.S. headquarters last month to the world’s largest open plan office, a 430,000 sq. ft space in Palo Alto, California.

By: Kirsty MacGregor

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.