Back to News
The Shard Secures Three New Leases on Level 13, Totalling Over 20,000 sq ft
Tukcorp, Duff & Phelps and an undisclosed FTSE 100 company have secured new leases on Level 13.
- Tukcorp has signed a lease for 7,022 sq ft
- Duff & Phelps has agreed a new lease for 4,539 sq ft
- An undisclosed FTSE 100 company has taken an additional 8,847 sq ft
REM, on behalf of the owners of The Shard, has today confirmed it has secured three new leases on level 13 of the vertical city totalling 20,408 sq ft. Tukcorp is moving its London headquarters to The Shard while Duff & Phelps, the New York-based valuation and corporate finance advisor, and a FTSE 100 company have also agreed new leases within the building.
Tukcorp, a wholly owned subsidiary of Tabcorp Holdings Limited, has taken 7,022 sq ft on level 13. The space at The Shard will be used for Tabcorp’s new online UK wagering business, Sun Bets, which launched in early August with partner News UK. Tabcorp employs more than 3,000 people predominately based in Australia.
Duff & Phelps currently occupies 28,670 sq ft on level 14 and has agreed to take a new lease of 4,539 sq ft on level 13 making The Shard its biggest European base. It is the second time that Duff & Phelps has increased its office space within The Shard. Duff & Phelps has over 2,500 employees across 60 offices and provides global valuation and corporate finance advice to publicly traded and privately held companies.
In a separate deal, a FTSE 100 company has also agreed to lease 8,847 sq ft on level 13 at The Shard.
The new lettings to Tukcorp and Duff & Phelps reflect the companies’ business success globally, especially as The Shard will now be Duff & Phelps largest European base. Brexit does not mean exit and we are confident that we will see further businesses benefit from the so called Shard Effect. The Shard’s leasing programme continues apace despite any perceived market slowdown. Advance negotiations are taking place with further occupiers on the remaining 10% of lettable space in The Shard.Irvine SellarThe Shard’s developer, co-owner and vice-chairman of REM
The series of new lettings suggest that The Shard can have a role to play in business growth beyond the quality of the space it provides. The Shard is a pull factor for business visitors while transport connectivity and local amenities are high on the list of priorities to satisfy employees.
Foresight Group has been extremely successful since moving into the building. The independent infrastructure and private equity investment manager grew its office space to 17,710 sq ft over the whole of level 23 in 2015. The company’s founder Bernard Fairman coined the term the “Shard Effect” to reference the role the building has played in drawing new business targets and clients to the company’s office space.
Over the last 15 years, London Bridge has undergone a significant transformation with an influx of new businesses and a number of new developments coming to the fore. The Shard was integral to this transformation and is currently home to 30 companies operating across a variety of business sectors including energy, retail, technology, finance, professional services, education and healthcare. Around 9,500 people now work at London Bridge Quarter, the vibrant estate comprising The Shard and the adjacent News UK headquarters building. Once fully occupied, this will increase to 12,500.
In addition to its high quality space and exceptional connectivity, The Shard’s outstanding broadband and telecoms infrastructure was recently awarded a platinum rating by WiredScore as a further endorsement of the building’s resilience.
JLL and Knight Frank are the leasing agents for The Shard with less than 10% of office space remaining.
