The tallest building in Europe has stood empty for most of its short existence, but that is about to change.
Four companies have taken a total of 122,900 square feet of space, taking the Shards total office space occupancy to 30 per cent. The companies include lawyers Mathys & Squire, energy company South Hook Gas, venture capital firm Foresight Group, and international hospital group HCA.
With much of the building still empty, Irvine Sellar, developer of the Shard said he aimed to let the rest of the space by the end of this year. Irvine wants to create a vertical town by avoiding letting a large amount of space to anyone company. He wants the Shard to be a ‘multi-let’ to help create a sense of community.
Dan Gaunt, a property agent at Knight Frank said “The majority of the shard viewings are coming from the West End”. Business owners are shifting away from traditional haunts to neighbourhoods such as London Bridge.
Jones Lang LaSelle, the letting agent for the Shard have not been in any hurry to let the office space preferring to wait until the commercial property market has picked up. Neil Prime at Jones Lang LaSelle said,” We remained patient through the downturn of the market to protect the integrity of the asset”.
Standing next to the Shard, is the 430,000 sq ft, The Place which has been let to New’s UK, who have recently announced they are taking a 30-year lease.
Mr Sellar has also announced plans to build a 27-storey residential tower next door in an attempt to capitalise on London’s soaring house prices.
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