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News Release

London

King’s College London concludes Aldwych Quarter letting in landmark deal


London, 07 September 2015 – King’s College London announced today that it has concluded a landmark letting of the Grade II listed Bush House, former home of the BBC World Service, and the three adjacent buildings comprising Aldwych Quarter on a long term 50 year lease.

King’s is leasing Aldwych Quarter’s four iconic buildings, located next to its historic Strand Campus as announced earlier in March. King’s will occupy Bush House, former headquarters of the BBC World Service, Strand House and King House on a phased basis from September 2016, and the adjacent Melbourne House from 2026. JLL acted for the Japanese owner, Kato Kagaku Co. Ltd, and Strutt & Parker advised King’s College London.

Dan Burn, Director – Office Agency at JLL, commenting on the exchange, said:

“Aldwych Quarter is a unique proposition in the Midtown market as a result of its heritage, location and surrounding amenities combined with the contemporary Category A office specification, great transport links and proximity to both the City and West End. It also sits within the Northbank Business Improvement District tasked with improving the public realm’’.

“Bush House is also one of the most iconic buildings in London with great historic value making it an ideal space to be occupied by an internationally renowned institution such as King’s College London as with the BBC before.”

Professor Edward Byrne AC, President & Principal of King’s said:

“This acquisition represents a defining moment in the history of King’s. We aim to consolidate our position as a top 20 global university by providing world class education and research facilities.
“Acquiring Aldwych Quarter will create a modern and integrated campus in the heart of London by uniting two prime central London locations, the Aldwych and our historic Strand Campus, to create state of the art education and learning facilities for our students.”
The buildings will provide additional space for student study and social space, new teaching facilities and academic accommodation.

Aldwych Quarter was one of London’s largest refurbishment projects of 2014. The 450,000 sq ft (GIA) Aldwych Quarter scheme was completed by JLL, ISG and John Robertson Architects to comprise 300,000 sq ft of high-specification Cat A office accommodation across four buildings. It also won Best London Office Campaign at the Property Marketing Awards held in July.