Spanish telecommunications company, TelefÃ³nica Digital, has announced that it will be leasing offices in London.
TelefÃ³nica are set to occupy 51,000 sq ft of grade A office space at the AirW1 development, located on Regent Street. The office will form a base for the firm’s new global headquarters.
The AirW1 development is scheduled to open in the summer – at which point 400 TelefÃ³nica Digital employees will make the move to the new headquarters.
Rents for the space remain undisclosed, but TelefÃ³nica are rumoured to have agreed a 15-year lease.
Commenting on the lease, chairman and CEO for TelefÃ³nica Digital, Matthew Key, said: “London is undoubtedly at the forefront of the current digital revolution and was a natural first choice for us to establish our new headquarters in.
“London is arguably the biggest hub for technology start-ups outside of Silicon Valley and a global centre for the media and advertising industries.
“It attracts the best talent and, for an international business such as ours, acts as a unique bridge between Europe and the Americas,” he added.
Mr Key concluded by stating: “Our decision to invest in having a significant presence in central London’s Regent Street is clear evidence of our determination to succeed in the digital space.”
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