REM announce The Shard offices are now fully let following a final letting to existing occupier Warwick Business School.
- Warwick Business School has increased its footprint by more than half by taking a further 6,342 sq ft on Level 13.
- The Shard offices are now fully let realising the vision to create a truly vertical city within Western Europe's tallest building.
Real Estate Management (UK) Limited (“REM”) on behalf of the building’s owners, today announces The Shard’s offices are now fully let following the expansion of Warwick Business School(“WBS”). The highly respected academic institution, which has one of the most prestigious executive MBA programmes in Europe, has increased the footprint of its flagship London campus in The Shard by a further 52% to a total of 18,500 sq ft.
The ‘campus in the sky‘ opened in September 2014 after transforming 12,150 sq ft of office space on Level 17 into a state-of-the-art lecture theatre, seminar rooms and an information technology laboratory. The institute is now taking a further 6,342 sq ft on Level 13 to house a second lecture theatre.
“We picked The Shard as our first London base because it’s a beacon for business and matched our aspirations for our highly ranked Executive MBA Programme, and our executive education more broadly. We are delighted we could expand within the building to accommodate even more students.”
Earlier this month Foresight, whose Group Chairman Bernard Fairman originally coined the phrase ‘The Shard Effect’ to explain the positive impact the building has had on its occupiers’ businesses, announced it was expanding for the third time. Foresight agreed to increase its total footprint in The Shard to 27,853 sq ft. A number of other occupiers have undergone similar expansions, including Duff & Phelps and MATCHESFASHION.COM.
“The businesses based in The Shard have benefited from the vertical city beyond simply having an inspiring, high quality space for their employees. This is reflected in the significant number of occupiers expanding throughout the leasing programme, which is indicative of the role a building can play in facilitating a vibrant business community.”
“We have always had a clear vision for The Shard - to create a vertical city with a diverse range of use classes and a varied community of occupiers.”
The final office letting to WBS marks the realisation of the late Irvine Sellar’s vision to create a truly vertical city. The Shard’s offices are occupied by 31 businesses including household names and market leaders from a diverse range of industries including fashion, legal, finance, consumer goods, healthcare, media and technology.
Overall a total of eight different use classes operate over its 72 floors, providing additional amenities for the office occupiers, encouraging visitors to the building and its surrounding neighbourhood.
“We have concluded an offices lettings programme that has secured a unique blend of tenants and reflects our objective to produce a building which mirrors the incredible diversity of British business life.”
Originally conceptualised 17 years ago, The Shard has been instrumental in the transformation of the London Bridge area by attracting investment and facilitating the creation of new jobs. The redevelopment of the adjacent London Bridge Station, the UK’s fourth busiest station, by Network Rail has also been critical. The significant investment made to improve transport infrastructure and increase capacity has played an important role in establishing London Bridge as one of London’s most sought-after business locations.
“The Shard has transformed London Bridge, brought new jobs and opportunities, and symbolises the ambition of Southwark where the sky really is the limit.”
Knight Frank and JLL are the leasing agents on The Shard. Cushman & Wakefield acted for Warwick Business School.