Adobe has extended its lease and expanded its office footprint at Derwent London’s White Collar Factory.
The company has extended its lease to 2038 with a break in 2033 and signed for an additional 25% – or 13,400 sq ft – of space at the scheme, increasing its presence to 67,000 sq ft.
The overall rent has increased to £4.5m with the new rent agreed ahead of December 2024 ERV.
Paul Williams, chief executive of Derwent London, said: “We are delighted that Adobe – a global leader in creativity and innovation – has chosen to extend and expand its occupancy with us. Their ongoing commitment reflects the strength of our partnership and our ability to provide flexible, design-led space which is adaptable to changing occupier needs.
“With companies continuing to increase their office footprint, this deal further highlights the quality of our portfolio as well as the buoyancy of London’s office market and its position as the HQ capital of Europe. We are proud to support ambitious businesses like Adobe as they grow and succeed with us.”
