British Land (LSE:BLND) has agreed a major pre-letting at its Broadgate campus in the City of London, with international law firm Herbert Smith Freehills Kramer committing to a 21-year lease for 238,000 square feet at 1 Appold Street. The agreement represents a significant milestone for the development, securing around 60% of the building’s office space ahead of completion.
The lease includes expansion rights that could increase the firm’s footprint to as much as 360,000 square feet, alongside a dedicated entrance at 8 Exchange Square. Herbert Smith Freehills Kramer is already a major occupier at Broadgate, where it currently uses 270,000 square feet at Exchange House as its headquarters.
The redevelopment of 1 Appold Street will be delivered by Skanska and is scheduled for completion in the first quarter of 2029. The scheme will offer sustainability-led office accommodation with terraces, around 48,000 square feet of leisure space and strong transport connectivity, including direct links to Liverpool Street station and the Elizabeth Line.
Kelly Cleveland, Head of Real Estate and Investment at British Land, said the deal reflects the growing appeal of Broadgate, citing its mix of global occupiers, strong transport connections, high sustainability standards and high-quality public realm. The company added that the transaction underlines continued demand for premium office space in central London, set against a backdrop of limited new supply.
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