INDUSTRY NEWS

News Corp. set to move businesses into new London offices at the Place

News Corp. has confirmed it will be moving into new London offices at the Place.

Located next to the Shard skyscraper, the office block will allow the publisher to consolidate all its London business offices and 1,800 London-based staff members under one roof.

The publisher will lease the entire 17-storey building, often referred to as the Baby Shard. In total, it offers 430,000 sq ft of London office space and News Corp. is set to move its News U.K., Dow Jones and HarperCollins units into the Place when work on the building is completed in time for summer 2014.

News Corp chief executive, Robert Thomson, said: “Our new London location in the vibrant borough of Southwark will allow us to realise one core objective as the new News — to work more closely and creatively, and leverage our collective resources.”

News U.K will move from its old London offices at Thomas More Square, in the Tower Hamlets area of east London, with Dow Jones moving from its current premises in the City of London financial district and Holborn. Meanwhile, HarperCollins will use the new building as its London headquarters, as well as having other offices in Glasgow and Yorkshire.

The Place lies across from the Shard, with both buildings part of a major development by Sellar Property Group Ltd. and Qatar’s central bank called London Bridge Quarter.

Southwark Council Leader, Peter John, said: “I am delighted that News Corp will be moving to such an iconic location in Southwark – bringing new jobs and opportunities to this part of London.

“The move underlines Southwark’s growing reputation as a place to do business and endorses our work as a council to generate real economic growth.”

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

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