London’s largest office owner is pushing ahead with the rare speculative development of a 380K SF London office building, betting that companies will lease green space in spite of the wider malaise in the market.
Landsec on Wednesday said it was starting development at Timber Square in Southwark, south of the River Thames, awarding a construction contract to Mace for the £200M building.
Landsec is committing to the development of the building without a tenant in place, citing sustainability as one of the most important factors driving leasing decisions. It added that Timber Square will be finished by the end of 2025, at which…
Source: Landsec Commits To Building 380K SF Spec Office, Betting Tenants Will Lease Green Space