The Swedish-based professional services firm BTS is the fourth company to agree a letting deal at One Queen Caroline Street (1QCS), following a refurbishment by Landid and Brockton Capital.
The joint venture between Landid and Brockton Capital has reached an agreement with BTS to take space in the partnership’s Hammersmith development, One Queen Caroline Street (1QCS).
The global professional services firm, which employs 500 professionals in 35 offices around the World, has agreed a 10-year lease in the building in Hammersmith, taking 8,239 sq ft on part of the 2nd floor.
BTS will create a London themed office space, incorporating inspiration from Shoreditch, Canary Wharf, and Camden Market into the design of the space, which will accommodate 80 employees. The fit out will include an open plan working area with eight meeting rooms, three boardrooms and a large kitchen, designed by architecture and interior design practice Woodalls, led by Kristoff Dubose and Peter Barder.
”Following years of strong growth in the UK, BTS was looking to move into a new space to accommodate its rapidly expanding workforce as well as provide an environment that allowed for more collaboration and creativity,” commented Joel Sigrist, BTS Managing Director. BTS plans to move into the space within the next three months.
James Silver, Development Director at Landid, commented: “We are delighted to partner with BTS at One Queen Caroline Street. More and more firms are making the move to Hammersmith due to its fantastic transport links, amenity-rich location and proximity to the rest of London. It’s become a logical move for many firms.”
Tony Edgley, Partner at Brockton Capital LLP, said: “One Queen Caroline Street perfectly captures our strategy to create institutional quality investments from overlooked or redundant assets, which can respond to the needs of next generation occupiers. It’s great to welcome BTS and their 80 employees to Hammersmith.”
The comprehensive refurbishment of the 82,000 sq ft 1QCS was completed in late 2015, continuing the Landid/Brockton strategy of repositioning tired office blocks into modern, exciting workspaces.
The redevelopment involved a complete overhaul of 1QCS’s interior, including the c.£1.5m addition of an extensive new roof terrace and a Club Room, which are available solely for tenant use.
The Landid/Brockton JV is also currently developing The Charter Building, Uxbridge; Thames Tower, Reading; and The Porter Building, Slough, all of which are due for completion between Q4 2016 and Q3 2017.