The new development at Two Kingdom Street in Paddington has effectively been completed. The scheme is a joint venture between international real estate group Quinlan Private, property development and investment company Development Securities, and pension group Aviva’s asset management arm, Aviva Investors.
The scheme comprises a total of around 230,000 square feet, including 220,000 square feet of prime office space, in the heart of London. Around ten percent of floor space is dedicated to studio space.
Around a third of the space has already been let, with the British-Swedish AstraZeneca leasing 50,000 square feet. The pharmaceutical giant currently has offices in Mayfair, but are relocating to make savings and take advantage of rail and other transport links.
Two years ago in April 2008, Skanska UK – who won the £88 million contract for the 13-storey Two Kingdom Street – completed One Kingdom Street, on time and on budget.