The Post Office has signed for 17,495 sq ft of office space at Pontegadea Real Estate’s 100 Wood Street in the City of London.
The Post Office has taken the third floor of the 148,000 sq ft Norman Foster-designed building and there is now just 37,932 sq ft of space available across four floors.
A spokesperson for the Post Office said: “Our ambition for this move was to secure office space that met the shifting workplace needs of our staff and save costs. We underwent an extensive consultation process to achieve this, looking at aspects such as daily requirements, utilisation figures, amenities, and location, which resulted in this mixed offering.
“This allows us the scale to fit-out multifunctional space that can be adapted with ease, with the additional flex desk space at City Tower. It’s great to be extending our commitment to London’s City, which has been our base for over 11 years.”
Ben Thomson, head of Central London tenant representation at BNP Paribas Real Estate, which advised the Post Office on the deal, added: “The occupier market for prime central London offices remains resilient, however those occupiers looking to relocate want property that that not only meets business needs but also one which provides an attractive working environment for their staff and future hires. Securing 100 Wood Street for the Post Office, provided the ideal solution.”
RX London acted for Pontegadea Real Estate.
