Software company lets three floors at British Land’s 4 Kingdom Street
89% of available space at British Land’s 4 Kingdom Street at Paddington Central is now let or under offer following the developer’s most recent signing.
Software developer Finastra has signed a 10 year lease for the first, second and third floors at the property which was completed in April and is the first building to be developed by British Land at the 11 acre Paddington Central campus.
The letting totals 42,400 sq ft of space for Finastra, which was formed by the combination of Misys and D+H, and which counts 48 of the world’s 50 largest banks as clients for its software developed for financial institutions.
4 Kingdom Street boasts a glass pod on every floor and a roof terrace with a cafe, outdoor seating and London’s highest basketball court.
Tim Roberts, Head of Offices and Residential at British Land, said: “It is a tremendous achievement to be 89 per cent let or under offer as we formally present the space to market.
“The commitment from Finastra and strength of interest in the other floors is an endorsement of our decision to re-configure the building to deliver greater flexibility, more collaborative spaces and a truly unique roof space, along with the substantial improvements we’ve made to the campus environment.
“We believe the delivery of 4 Kingdom Street is well-timed given the lack of supply in the West End market, and the arrival of Crossrail at Paddington in 2018, and hope to announce further occupier commitments in the near future.”
Cushman & Wakefield and CBRE are the joint agents on 4 Kingdom Street. CBRE advised Finastra.