Amazon Said Close to Agreement With Brookfield for London Office

Brookfield Asset Management Inc. is close to an agreement for Inc. to rent about 400,000 square feet (37,160 square meters) of office space near the London technology hub known as Silicon Roundabout, according to a person with knowledge of the talks.

The world’s biggest online retailer, based in Seattle, would occupy more than two-thirds of Brookfield’s Principal Place development, near the northern edge of the London’s main financial district, also known as “Tech City,” said the person, who asked not to be identified because the negotiations are private.

Henry Wallers, a Brookfield spokesman, declined to comment. A spokeswoman for Amazon declined to comment.

Companies from the technology, media and telecommunications sectors have buoyed London’s commercial property market as financial-services firms put off expansion plans. Media and technology companies agreed to lease more office space than any other industries during the first quarter, led by Google Inc.’s deal to lease an additional 160,000 square feet at its Kings Cross development, according to broker Knight Frank LLP.

Cushman & Wakefield Inc. is advising Amazon on the London lease talks, according to the person. Allsop LLP and Cushman & Wakefield are advising Brookfield.

Estates Gazette reported the lease talks on July 18.