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TfL signs up to Greenwich development

Transport for London (TfL) will take up 135,000 square feet of office at a London office space scheme based in east London.

Quintain and Lend Lease’s Greenwich Peninsula Central scheme is based in Greenwich, and TfL has decided to sign on to a 20-year lease on the new offices, which overlook the 02 Arena.

It also has an option to secure a further 60,000 square foot of office space.

TfL will move into the London office space some time in 2009, with construction due to begin by the end of this year. Two office blocks are being built in what will be 3.5 million square foot business district – and the redevelopment will also include 10,000 new homes, 150 shops and 48 acres of green space.

Nick Shattock, deputy chief executive of Quintain, told propertyweek.com: "To have launched a new major commercial centre for London with such a significant letting to a regulatory authority, with the potential for several satellite businesses, is a remarkable coup."

Charles Stafford, Tfl director of group property and facilities, added: "This move is a key part of our business strategy to improve the overall quality and productivity of the workspace we provide for our staff."

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