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Landsec Expands Flexible Office Portfolio

Landsec Expands Flexible Office Portfolio
20 September 2023

Commercial property developer Landesc has added 100,000 sq ft to its flexible office portfolio.

The company’s flexible workplace brand Myo already has two existing sites at Victoria Street and Liverpool Street in London. Two new Myo sites are set to open at Lucent, directly behind the iconic Piccadilly Lights and in King’s Cross.

This is in addition to three previously announced sites at New Street Square, (45,000 sq ft), St Paul’s, (46,000 sq ft) and Bankside, (48,000 sq ft). Combined, these announcements will grow Myo's total footprint from under 100,000 sq ft today to over 300,000 sq ft by 2025, across seven central London locations.

Myo’s two existing sites are currently over 92 per cent let.

Marcus Geddes, Managing Director, Workplace at Landsec said: “Businesses of all shapes and sizes are looking for high quality, sustainable offices in locations that will draw in talent and help to create the right culture to grow. Our existing Myo locations are already close to capacity, and we see continued strong demand for high quality, flexible office space in the right locations. 

Following the acquisition of a freehold interest in King’s Cross, we’ve unlocked an opportunity in a prime location which will create accretive value and which enables us to accelerate our Myo expansion plans. Meanwhile in Piccadilly, we’re responding to customer demand and bringing forward more quality, flexible space to a supply constrained West End market.” 

Picture: a photograph of a person sitting at a desk working on laptop, holding a smartphone. A pair of glasses and a coffee cup can also be seen on the desk. Image Credit: Unsplash

Article written by Ella Tansley | Published 20 September 2023


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