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London’s Heron to Be Renamed Salesforce Tower After Leasing Deal

May 22 (Bloomberg) -- The Heron Tower will be renamed Salesforce Tower London after Salesforce.com Inc. agreed to lease six floors of office space in one of the City of London financial district’s tallest buildings.

The San Francisco-based customer-management software maker signed a 15-year lease for 50,000 square feet (4,600 square meters) of space, Salesforce and Heron developer Heron International Ltd. said today in an e-mailed statement. The deal means tenants occupy or have agreed to rent 90 percent of the building, according to the statement.

Salesforce last month agreed to rent more than half of San Francisco’s tallest building, which will also be named after the company, in a deal that set a city record for office rents. In October, the owners of the Heron Tower reached a 370 million-pound ($624 million) refinancing deal that included a loan from Starwood Capital Group LLC, after the owners were unable to agree on how to repay debt attached to the building, a person with knowledge of the matter said at the time.

Following the leasing deal, Salesforce will occupy about 77,080 square feet in the building, including space it was already leasing, according to Henry Columbine, a spokesman for Heron International. That’s about 18 percent of the 46-story Heron Tower, whose owners include the State General Reserve of Oman Fund and members of the Saudi Royal Family.

To contact the reporter on this story: Patrick Gower in London at pgower@bloomberg.net

To contact the editors responsible for this story: Andrew Blackman at ablackman@bloomberg.net Ross Larsen, Jeffrey St.Onge

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