In the last 7 months, 10 new business centres have opened in London’s Kings Cross, responding to tenant demand.
An increase in tenant demand, from both creative companies and large corporations, has seen a recent explosion in the number of business centres in Kings Cross. With 10 serviced offices having recently opened, Instant sees Kings Cross as an attractive option for businesses looking for a great location in an up and coming area.
The redevelopment covers 67 acres of land, meaning that it is one of the largest regeneration projects in central London.
The area’s transformation includes 20 new streets, 10 new parks and squares, and 50 new buildings. It is expected that Kings Cross will see a total of 45,000 people choosing to live, work and study in the area by 2016. Such a transformation is expected to generate around 35,000 jobs, more than 1,900 homes and a total of 3.4 million sq ft of workspace.
Consequently, Instant has seen a significant rise in big brands looking for workspace in the Kings Cross area.
Google is in the process of moving its European headquarters to Kings Cross, taking a total of 2.4 acres of space. This is one of the biggest ever commercial property acquisitions to occur in Kings Cross.
London’s Shoreditch is well known for the number of creative companies based there. The Silicon Roundabout has become a hub for innovative tech start ups. With limited space available in Shoreditch, tenants are taking advantage of the Kings Cross redevelopment project.
The opening of new serviced offices in the area has encouraged tech start ups to move into Kings Cross as they are able to obtain space that is both central, in the right style and affordable.
“The redevelopment of the Kings Cross area is significant for businesses looking for a new workspace in a location with great transport links and excellent local amenities. In addition, an increase in the availability of Grade A office space in Kings Cross means that larger corporations are moving in, bringing diversity to an area that has in the last year or so been dominated by technology firms and start ups.”
Sophie Turnbull – Senior Operator Relationship Manager
Notes to editors
Instant is redefining the way commercial property is procured and managed. Established in 1999, Instant delivers innovative workspace environments in over 110 countries for some of the world’s largest organisations. The services that we provide include property search and acquisition, benchmarking research, workspace technology solutions, design and fit-out, management and M&E.
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Instant has achieved 23% compound growth over the past 4 years and continues to expand with private equity funding from MML Capital in 2012. With offices in London, Berlin, Miami and Sydney, Instant employs more than 100 staff.