Paddington Central is an 11-acre mixed-use campus on Kingdom Street owned and managed by British Land. The development contains restaurants, cafes, bars, gyms, residential space and office space to lease.
Flexible fully-furnished serviced private offices and coworking desk spaces are also available at the canal-side location and these are operated by British Land’s flexible workspace brand Storey.
The company will take up the entire sixth floor of the recently completed Two Kingdom Street. Comprising 230,000 square feet of prime office space, as well as 22,000 square feet of studio space, the building now has 134,000 square feet of office space available.
Two Kingdom Street was designed by Kohn Pedersen Fox and developed by Development Securities, Aviva Investors and Quinlan Private.
Rio Tinto will share Two Kingdom Street with global pharma giant AstraZeneca, which moved from its offices in Mayfair to the new building in February.
Mayor Boris Johnson attended the opening of the new AstraZeneca offices and commented: “This once derelict part of London has transformed itself into a thriving new business district providing quick access to the capital’s transport network, its airports and its centres of world-class research.”
One Kingdom Street, completed in 2008, with 260,000 square feet of office space, is occupied by Misys, Statoil and Vodafone.
Currently, the area around Paddington Station in London is being redeveloped extensively by the Paddington Waterside Partnership. Involved in the regeneration is a neighbourhood almost the size of Soho. Between 1998 and 2018 almost 10,000,000 square feet of space will be created.
There are 13 distinct projects making up the regeneration scheme. The land between Praed Street, Westbourne Terrace and Westway, including Paddington Central and Paddington Basin, will see the most redevelopment.
The Independent called the project “the largest central London redevelopment scheme since the Second World War”.
Rio Tinto is currently in the middle of a takeover of the Sydney-based coal miner Riversdale Mining.
Editor’s notes: In June 2023, Rio Tinto listed 6 St James’ Square as its London office on its website.
In April 2022, British Land sold a 75 per cent stake in its Paddington Central assets to GIC to form a joint venture partnership with the Singaporean sovereign wealth fund.