Joint venture partners British Land and GIC have pre-let more than 250,000 sq ft of office space – with options to lease up to an additional 130,000 sq ft – to hedge fund Citadel and global market maker Citadel Securities at Broadgate in the City of London.
The companies have taken the space at Broadgate’s new 750,000 sq ft 2 Finsbury Avenue (2FA) development, which was designed by architects 3XN and sustainability consultants GXN.
The deal means 2FA, which comprises a 36-storey East Tower and a 21-storey West Tower, is 33% pre-let and 50% pre-let if the option space is taken.
A 12-storey podium will link the towers via a winter garden and incorporate green spaces, leisure and a range of publicly accessible space.
The joint venture partners are targeting BREEAM Outstanding, WELL Platinum, EPC A and a NABERS 5-star ratings for 2FA, which is due to be completed in 2027.
Simon Carter, CEO of British Land, said: “2FA is an incredibly exciting scheme that will transform the London skyline with a unique dual tower design. It will be delivered into a supply-constrained market in 2027, and this landmark pre-let is further proof of the strong demand for the modern, sustainable office space at our well-connected, amenity-rich London campuses. We look forward to welcoming Citadel and Citadel Securities to their new London home at 2FA.”
Tracy Stroh, head of Europe real estate at GIC, added: “This pre-let with Citadel and Citadel Securities is testament to the strength of Broadgate’s position in the London office market and we are excited to welcome them to 2FA. We look forward to working with British Land on the development, which will enhance Broadgate’s already exciting campus.”
Gerald Beeson, chief operating officer at Citadel, said: “We are excited to move into this spectacular new building at 2 Finsbury Avenue. This unparalleled building will provide the 21st century workplace experience for the exceptional talent we attract to our firm as we continue to grow our presence in London.”
