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News International rumoured to be eyeing move to new London office

According to a number of reports News International could be set to move into a major London office building.

The Rupert Murdoch owned media giant moved away from the central London area almost 30 years ago when it relocated to Wapping, but it is apparently looking to move to offices at a building called The Place.

The Place, also nicknamed the Baby Shard, is a 430,000 sq ft London office building which stands at the foot of The Shard itself.

Any such move by News International would be great news for the developers of The Shard and The Place as, despite developer Irvine Sellar suggesting late last year one or two leases had been signed, the general uptake on tenants since the tower was completed in July 2012 has been somewhat disappointing.

In fact, only one lease has been officially announced so far; involving financial advisory and investment banking firm Duff & Phelps.

A Shrangi-La hotel, set to open in September, restaurants including Aqua London, Hutong and Oblix and the observation deck known as the View from The Shard span across a number of the huge buildings floors, making up for the lack of tenants at the moment.

Discussing the potential move, a News International spokeperson said: “Our lease is due for renewal next year and as a responsible employer we will be exploring all options to ensure our accommodation continues to meet the needs of our staff and the business as it develops in the future.”

Much like its bigger sibling, the Baby Shard has also found tenants hard to come by, although it is rumoured Ernst & Young, Ogilvy & Mather and Omnicom have all looked into establishing offices there.

The Place would provide more than enough office space for News International’s 1,800 London-based staff members.

At present however, neither the letting agents on the Baby Shard, CBRE and Colliers International, nor Sellar Property Group have made a comment on the speculation.

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

One thought on “News International rumoured to be eyeing move to new London office

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