LONDON
Oxford Properties Group (“Oxford”), a leading global real estate investor, developer and manager, today announced it has completed two new lettings at the Blue Fin Building in central London. Following 200,000 sq ft of lettings over 24 months, the prime, c. 500,000 sq ft office building is now 96% occupied.
CoStar Group, a leading provider of commercial real estate data, has taken up a total of 52,000 sq ft across two floors of the building on a long-term lease. This will enable the company to consolidate its employees into one building and marks one of the largest letting transactions on London’s Southbank this year.
M7 Real Estate (“M7”), the pan-European investor and asset manager, has also signed a long-term lease for 7,600 sq ft of space previously occupied by GfK, a market research company that recently renewed its lease after right-sizing its space. Oxford Properties worked with GfK to accommodate its decision to right-size, whilst simultaneously letting the rest of the space to M7 Real Estate.
Oxford Properties upgraded the Blue Fin Building in 2019 to add a café on the ground floor as well as a glazed extension to the level 10 terrace with panoramic views of London’s skyline. Earlier this month, Blue Fin welcomed Genuine Dining as the new food service operator of the ground floor café and quick-service restaurant on the 10th Floor; building on the asset’s vibrant workplace culture and providing enhanced amenity through the shared experience of coffee, food, and events.
Sustainability upgrades have improved the building’s BREEAM rating and the addition of customer-focused amenities, including a significant capital investment to create a best in class end of trip facility on track for completion at the end of Q1 2025; have turned the asset into one of London’s most appealing workplaces.
Post amenity upgrades, the asset will benefit from another 55,000 sq ft of highly attractive leasing availabilities in 2025 allowing it to capture tenant demand for well located, highly-amenitised and sustainable office product.
Today’s newly announced leases join Stagwell, a US digital marketing group, who signed a long-term lease in 2023 for 40,000 sq ft of office space. Other occupiers include flexible office brand Fora, who have operated 43,000 sq ft of flexible workspace at the Blue Fin Building since November 2023.
The Blue Fin Building enjoys a prime central location on London’s Southbank, close to the Tate Modern, Globe Theatre and Hayward Gallery, and is well connected via nearby transport hubs including London Blackfriars and London Bridge which both have access to national rail and London Underground services.
Jay Drexler, Vice President, Asset Management at Oxford Properties, said: “London continues to be a priority market for Oxford and these two latest lettings at the Blue Fin Building underscore our ability to offer customer-centric offices that offer high quality, sustainable workspace. Demand in London for best-in-class office space remains robust and we will continue to deliver the Grade A product that companies want to occupy and that delivers long term value for our stakeholders.”
