Shard on the lookout for tenants | 31 May 2012
Developers of the already-iconic Shard in London Bridge are set to welcome bidders for the 575,000 square feet of office space the building offers, reuters.com reports.
Whilst developers traditionally secure pre-lets before starting building work, Shard developers Sellar Property Group are just a month from completion with only Shangri-La hotels putting their name down on the books to take up floors 34 – 52.
Many businesses have registered an interest in the building, although none have yet signed on the dotted line. Among the newest is Qatari broadcaster Al-Jazeera, which has registered an interest in taking up one 30,000-square-feet floor. The deal would mean its London base moves from Knightsbridge to the Shard.
Many have speculated that the Al-Jazeera move is related to the Shard’s strong links with Qatar, as it has been 95 per cent funded by the state.
A spokesperson for the Shard, however, has said the developers are to remain calm and will choose the right tenants when it suits them. “Our Qatari investors can take a long-term view,” they told independent.co.uk.
“The priority is about the right tenant. We want a good mix of tenants whether it be media, technology or legal or hedge fund occupiers. But we will not rush the lettings for the sake of striking deals. We don’t need to and don’t want to.”
Written by David Howells on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
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