Victoria: A rising hub of London business

02 August 2018. Features.

Over the past few years, Victoria, London, has been undergoing somewhat of a transformation, with the construction of major commercial and retail developments providing a dramatic increase in the amount of new office space available. Office rents in Victoria remain attractive at approximately £80 per sq ft compared to Mayfair at £115 and less expensive than both Soho and Noho. And with great connectively, it’s no wonder that Victoria is a rising star in the London commercial real estate scene.

Here we look at the key buildings which have helped transform this popular London neighbourhood and attracted some major brands to set up home and relocate their offices here.

 

The Zig Zag Building

Opened in 2015, The Zig Zag Building has 234,400 sq ft of office space on Victoria Street and houses several major financial players including Jupiter Asset Management and Deutsche Bank. Sustainability and wellbeing are at the heart of this complex, with the building winning Best Office Building at the World Architectural Festival 2016. There are 187 cycle parking spaces to satisfy the growing number of people who want to cycle to work, and plenty of transit links within reach including Victoria and St. James’s Park. The building systems give businesses precise control over lighting, heating and cooling, and full-height windows flood every floor with stunning natural light and clean air that helps keep office workers energised and their minds alert.

 

Verde SW1

The Verde SW1 building is located at 10 Bressenden Place and offers 282,000 sq ft of Grade A office space, with six roof gardens offering views of Buckingham Palace and the Royal Parks. The very first tenants of Verde SW1 were our client Pret A Manger who relocated their support centre and development kitchen. We had the challenge of fitting out their office whilst Verde SW1 was being built, which allowed us the opportunity to build a completely tailored space for Pret, who now enjoy a stunning award-winning office which celebrates their history and culture.

Soon after Pret moved in, our client Marlin Equity relocated their office to Verde SW1 to provide their business the space to grow and adopt new ways of working. Since then, Rockpool Investments also joined and the building reached full occupancy in March 2018 with the arrival of Carwow, the independent online car buying website.

 

Nova

With over 170 million commuters passing through London Victoria every year, the city’s second largest railway station is a bustling hub, constantly on the move. This movement was the inspiration for the design of Nova Victoria, owned by property developer LandSec. The building consists of 150,000 sq ft of office space at Nova South and 185,000 sq ft at Nova North. In addition, the complex includes residential accommodation and retail space, as well as several community spaces.

With a mix of public spaces and eateries, this area of Victoria has helped many local businesses attract the very top talent and has giving residents a newfound wealth of amenities on their doorstep. The bright red £380m Nova complex hasn’t enjoyed all positive headlines though, with PLP Architecture ‘winning’ the Carbuncle Cup 2017 – the architecture prize which is awarded annually by Building Design Magazine to the UK’s ugliest building.

 

 

Honourable mention: 62 Buckingham Gate

62 Buckingham Gate was completed in 2013 and features Grayson Perry and Stuart Haygarth artworks in the reception. Within this 276,200 sq ft of office space on Victoria Street, Rolls-Royce and global marketing conglomerate Chime Communications have made 62 Buckingham Gate their home, alongside the Bill and Melinda Gates Foundation.

 

With all the exciting new office space coming to Victoria, we’re looking forward to helping any clients who are planning to relocate their business there. If you’re one of them, get in touch. We would be happy to help you find the perfect new home.

 

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