British Land in Talks on Biggest London Office Lease Since Covid

Allen & Overy negotiating 300,000 square feet at One Broadgate
Law firm has option to break current office lease in 2027

A sign hangs outside an office building at the Broadgate development in London, U.K., on Tuesday, July 6, 2010. British Land Co., which sold half of the Broadgate complex last year, plans to switch the focus of its office business to the entertainment district.
Photographer: Chris Ratcliffe/Bloomberg

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By Jack Sidders

March 26, 2021 at 9:17 AM UTC

This article is for subscribers only.

British Land Co. and GIC Pte are in talks to rent out a major chunk of their City of London Broadgate campus in what would be the biggest office lease signed in the U.K. capital since the onset of the pandemic.

Law firm Allen & Overy is negotiating to rent about 300,000 square feet (27,870 square meters) of office space at the planned One Broadgate redevelopment, people with knowledge of the talks said. The deal is at an early stage and there’s no certainty that a lease will be signed, they added, asking not to be identified because the talks are private.