JLL confirms 1 Broadgate as its new UK flagship office
JLL confirms it has signed an agreement for lease for 134,000 sq ft at Broadgate, EC2
JLL today confirmed that it has signed an agreement for lease for 134,000 sq ft at Broadgate, EC2, British Land’s 32-acre campus adjacent to Liverpool Street Station.
1 Broadgate will become JLL’s flagship UK office and this commitment is part of the reimagination of its workplace strategy and long-term investment to deliver flexible work options as well as sustainable, technologically advanced and amenity-rich workplaces.
JLL has agreed to take three floors at 1 Broadgate on a 15-year lease and will take occupation in 2026.
The building comprises 546,000 sq ft of some of the highest quality, most sustainable mixed-use space in London, including 498,000 sq ft of best-in-class workspace, 47,000 sq ft of roof terraces and 48,000 sq ft of retail and leisure space. Enabling works are already underway with demolition due to start in May 2021.
JLL and British Land, who have both publicly committed to achieving their own net zero carbon targets, will work in partnership to deliver a cutting-edge sustainable workspace that will push the boundaries for corporate real estate in central London and the wider industry. 1 Broadgate is being designed to meet the requirements of UKGBC Net Zero Carbon Buildings framework and is targeting highest level of BREEAM and WELL certification.
JLL will also retain a meaningful base in the West End from 2026 to allow colleagues to flex around clients’ needs.
Stephanie Hyde, UK and Ireland CEO at JLL, said: “Throughout this unprecedented time we have worked closely with clients and our own people to develop and evolve workplace strategies. 1 Broadgate will be central to our plan as we recognise the importance that offices play in collaboration, innovation and fostering culture and wellbeing.
“Working in partnership with British Land, we have a real opportunity to achieve one of the most sustainable and technologically advanced workplaces in the UK. The campus excels in the connectivity and amenities, providing our people and clients with a vibrant, dynamic and collaborative space. 1 Broadgate will enable us to significantly push the boundaries to enhance productivity, improve wellbeing and support a wider community through British Land’s approach to managing the Broadgate campus and its Community Framework.”
Simon Carter, CEO, British Land, added: “We are thrilled that JLL has chosen this fantastic building for its flagship UK office. The move is a real vote of confidence in London, a further endorsement of our campus strategy, and of Broadgate’s status as a world class, mixed use destination. This news follows the successful delivery of 1FA, 135 Bishopsgate and, most recently, 100 Liverpool Street, and marks the start of the next phase of our Broadgate masterplan.
“Our shared ambitions with JLL, particularly around sustainability, demonstrate the true value of working in partnership with our customers to deliver best in class workplaces for the future.”
JLL is a signatory to the World Green Building Council’s Net Zero Carbon Buildings Commitment and has also set science-based emissions reduction targets in line with 1.5 deg trajectory. To deliver on this, the global property firm has committed to eliminate emissions from its workplaces by 2030 and to mainstream net zero carbon buildings in the industry. British Land is a signatory of the Better Buildings Partnership’s Climate Change Commitment to deliver a net zero carbon real estate portfolios by 2050.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.