British Land is substantially redeveloping Regent’s Place in northwest London, with the site earmarked for Debenhams to form part of the scheme’s mixed-use North East Quadrant element. The entire effort is expected to be completed in the first half of 2013, and it is on schedule to deliver over three-quarters of a million square feet of new offices to the West London market.
Debenhams has now committed to occupying 174,500 sq ft of offices at 10 Brock Street to consolidate its office space presence in London. Its base at the Regent’s Place site is to be used as a national operating headquarters.
“It is hugely pleasing to be letting this additional space to Debenhams, in what is the largest pre-let in [London] for over six years,” said Tim Roberts, head of offices at British Land.
“The confidence of major corporates such as Debenhams to select Regent’s Place as the location for their headquarters is further evidence of the strength of the estate’s appeal, services and amenities and of the increasing demand from occupiers for high-quality office space,” he said.
British Land, one of the largest real estate investment trusts, has noted that Debenhams will join companies like the digital marketing firm Aegis and the energy giant Gazprom in having its UK headquarters at Regent’s Place, which is in SW1.
Editor’s notes: In December 2020, Debenhams announced that it had entered into liquidation.
Following various movements by occupiers at Regents Place due to various reasons, British Land advised in March 2024 that its future plans were to offer a mix of fitted and lab-enabled space, serviced offices, and best-in-class office space at the scheme.