INDUSTRY NEWS

Telefónica Digital set to move global HQ to Regent Street office

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Spanish telecommunications company, Telefónica Digital, has announced that it will be leasing offices in London.

Telefónica 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 Telefónica Digital employees will make the move to the new headquarters.

Rents for the space remain undisclosed, but Telefónica are rumoured to have agreed a 15-year lease.

Commenting on the lease, chairman and CEO for Telefónica 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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