BLP acts for King’s Cross Central on pre-lettings for New Look and XTX Markets
International law firm Berwin Leighton Paisner (BLP) has advised long-standing client King’s Cross Central Limited Partnership (KCCLP) led by Argent (as the development/asset manager for the King’s Cross estate) in relation to two pre-lettings at the R7 building on Handyside Street, London.
The deals involved the pre-lets of 123,000 sq ft over seven floors and reception space to fashion retailer New Look, as well as 28,208 sq ft over three floors to electronic liquidity provider XTX Markets.
King’s Cross is a critically acclaimed 67 acre, 8 million sq ft development to the north of King’s Cross Station in Central London. The development includes 20 new and refurbished office buildings, nearly 2,000 new homes, as well as new shops and restaurants.
Global fashion retailer New Look will relocate 800 employees to its new headquarters after the Duggan Morris-designed building is completed in July 2017, to work alongside neighbours Louis Vuitton, Universal Music, Google and Havas. In addition to office accommodation, the building features a double-height public space with a three-screen Everyman cinema, and retail and restaurant space on the ground and mezzanine levels.
Real Estate Partner Chris Rowe led on the New Look deal, working with Senior Associate Emily Mackenzie and Associate Mateen Khan. The XTX deal was led by Real Estate Partner Liana Hewson, working with Associate Rebecca Moore.
BLP also recently advised KCCLP on the pre-let of the entire office space at Four Pancras Square to Universal Music and Google’s relocation to King’s Cross.
Chris Rowe said: “The pre-letting of the office space in building R7 marks another milestone for the hugely successful King’s Cross development and we are delighted to continue working with KCCLP and Argent on the transformation of King’s Cross”.