INDUSTRY NEWS

PRS set to move to new London office space at King’s Cross Central

Performing Right Society (PRS) for Music is planning to move to a new London office building opposite Google’s new headquarters at King’s Cross Central.

The organisation has signed a 15 year lease on 52,000 sq ft of London office space in the area at the speculatively developed Two Pancras Square. It is set to occupy the top four floors of the building once it moves from its current headquarters in Berners Street in London’s West End.

Standing nine storeys in height, PRS for Music are Two Pancras Square’s first confirmed tenants. In total it will offer 130,000 sq ft of office space and a roof garden accessible to all tenants.

PRS for Music chief executive, Robert Ashcroft, said: “This is a significant move for our organisation, having been at our Berners Street offices for over sixty years.

“Relocating part of our business to King’s Cross enables us to maintain a central London presence at the heart of the music industry.  We are also investing heavily in our Streatham facility, making it the centre of our operations, IT and member services teams.

“The combined move will offer an exciting new workspace for our staff and represents the best value for our music creator members.”

Performing Right Society is the United Kingdom association of songwriters, music producers and composers. it is responsible for the administration of the performing rights in artists music and licences organisations to perform, play or make available copyright music. At present it represents over 100,000 different artists.

At present, Two Pancras Square is still under construction, but work is expected to be completed by the middle of 2014.

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.

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