British Land to announce that JLL has chosen 1 Broadgate for its new UK flagship office. JLL, a global real estate services firm, has signed an agreement for lease for 134,000 sq ft on a 15 year term, representing a pre-let of nearly 30% of the office space.
The building comprises 546,000 sq ft of some of the highest quality, most sustainable mixed-use space in London, including 498,000 sq ft of best-in-class workspace, 47,000 sq ft of roof terraces and 48,000 sq ft of retail and leisure space. Enabling works are already underway with demolition due to start May 2021.
JLL’s decision to be based at 1 Broadgate reflects their clear ambitions to be a net zero carbon business and aligns to British Land’s own net zero commitments. This building will be the most energy efficient British Land has ever delivered, targeting a base build operational efficiency of c.55 kWheq per m2 already ahead of the company’s 2030 energy intensity targets for new developments. The building will target a BREEAM Outstanding rating, which has recently been achieved at British Land’s 100 Liverpool Street. 1 Broadgate will target the WELL Platinum rating for wellbeing to achieve industry leading standards for air quality, water and light, and will be designed to support employee engagement and productivity. It will also be SMART enabled to analyse and optimise operational performance.
JLL will move into the flagship location following completion of 1 Broadgate in 2025. The new office will cover three floors and have its own dedicated entrance. The move demonstrates JLL’s conviction that modern, high quality and sustainable office space has an important role to play in promoting innovation, collaboration, training and culture.
The redevelopment of 1 Broadgate follows British Land’s recent commitment to the development of nearby Norton Folgate and demonstrates further strong progress against the priorities the company set out for the business in November.
Simon Carter, CEO, British Land said: “We are thrilled that JLL has chosen this fantastic building for its new UK flagship office. The move is a real vote of confidence in London, a further endorsement of our campus strategy, and of Broadgate’s status as a world class, mixed use destination. This news follows the successful delivery of 1FA, 135 Bishopsgate and, most recently, 100 Liverpool Street, and marks the start of the next phase of our Broadgate masterplan.
“Our shared ambitions with JLL, particularly around sustainability, demonstrate the true value of working in partnership with our customers to deliver best in class workplaces for the future.”
Stephanie Hyde, UK and Ireland CEO at JLL, added: “Throughout this unprecedented time we have worked closely with clients and our own people to develop and evolve workplace strategies. 1 Broadgate will be central to our plan as we recognise the importance that offices play in collaboration, innovation and fostering culture and wellbeing.