Topland Group and Beltane Asset Management today announced the successful pre-let of the partnership’s Verdant development to TikTok Information Technologies Ltd. (TikTok).
Comprising a total of 140,000 sqft of office space, the scheme is located in the heart of the Cultural Mile and connects 150 Aldersgate Street and 3-4 Bartholomew Place in Farringdon.
It is due for completion in Q3 2024.
Mark Kingston, managing director of Topland, said; “We are delighted to have transacted with this growing, cutting-edge brand that was seeking exceptional modern office space in the heart of London.
“Our decision to build speculatively demonstrates our confidence in the London office market, which has now been borne-out by signing such a quality client. Verdant provides truly sustainable next generation office space which appeals to a wide range of occupiers.”
Sol Zakay, chairman and CEO commented: “Our decision to proceed with numerous developments is paying dividends as proven by this pre-let and our pre-let in Brighton of the new Maldron Hotel to Dalata.
“We are also excited about our office development on Upper Street, London, and our Build-to-Rent scheme at Paradise Circus in Birmingham.”
Verdant has a low embodied carbon footprint achieved by reusing approximately 80% of the existing structure, natural ventilation throughout and a bespoke biophilic design integrated into the architecture.
It has green roofs, terraces on all floors, hard and soft landscaping and external courtyards. Communal facilities incorporated include a ground floor café and co-working area and more than 250 cycle spaces.
The development benefits from entrances on both Bartholomew Close and Aldersgate Street and is located within 100 yards of the new Farringdon East Elizabeth Line station and TikTok’s Kaleidoscope building.
Leasing agents were Cushman and Wakefield and BH2.