INDUSTRY NEWS

WorldPay agrees deal for new City of London office space

A specialist in online payment processing technology has agreed a deal to lease new offices in the city of London.

WorldPay has signed a deal to take on 98,000 sq ft of London office space at The Walbrook Building. This space is spread out over the building’s fifth and sixth floors, as well as some self-contained accommodation.

The property will become WorldPay’s new headquarters, and is set to house around 1,000 of the company’s employees – previously based in five offices spread across the capital.

Philip Jansen, WorldPay’s CEO, spoke enthusiastically at the prospect of the move.

He said: “This is a very exciting milestone for WorldPay, our people, our culture and our journey towards full independence. We are investing heavily in growing and maintaining our market leading position and having the right base is key to that.

“The move to The Walbrook will also allow us to achieve cost efficiencies by consolidating our London properties and provides an excellent office environment to build our business,” Mr Jansen added.

A distinctively designed structure, The Walbrook Building was created by architects Foster and Partners.

Although work on it was completed over three years ago (back in February 2010), property developer Minerva only secured its first tenant – Arthur J Gallagher – this January.

Commenting on WorldPay’s deal, Tim Garnham, joint executive of Minerva, stated: “We are delighted that The Walbrook Building is going to provide the headquarters for WorldPay, which is attracted by its strong location, contemporary design and efficient floor plates.”

Mr Garnham continued, adding: “We look forward to welcoming them to the building and watching it become a thriving and dynamic office environment.”

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