Penguin Random House UK is to take office space in Embassy Gardens in Nine Elms.
It has leased 83,400 square feet across five floors from developers Ballymore at One Embassy Gardens. It will also retain its existing office in nearby Vauxhall Bridge Road.
Penguin Random House aims to move all its London employees into one of these two sites at the end of 2019, vacating offices in Ealing (61-63 Uxbridge Road) and the Strand.
Leader of Wandsworth Council Ravi Govindia said: “It’s excellent news that another world-class institution is moving to Nine Elms, It will open up opportunities for our residents and encourage other creative, publishing and digital industries to join them.”
Tom Weldon, CEO, Penguin Random House UK commented: “This move provides an opportunity for all of our teams to work together even more closely as one company. This is about much more than just bricks and mortar. We want to use our new workspace to build a creative culture for the future that will help us to attract and retain the very best talent.”
“John Mulryan, UK Managing Director, Ballymore commented: “We are very pleased to welcome Penguin Random House to Embassy Gardens. With the forthcoming opening of the new US Embassy and the recent announcement of Apple moving its headquarters to the area, this gives further momentum to this remarkable place of regeneration.”