Developer Seaforth Land and global real estate investment company QuadReal Property Group (QuadReal) have secured two new lettings at Space House, the 260,000 sq ft Grade II listed mid-century modern office tower located in Covent Garden.

Software company Blackline has signed a lease for the 7th floor of the block, spanning 8,066 sq ft. The company’s decision was heavily influenced by Space House’s exceptional amenity offerings, particularly the building’s 5,000 sq ft rooftop terrace and club lounge located just one floor above, which will allow Blackline to seamlessly host events and meetings.

In addition, a prominent FTSE 250 company has taken the 6th floor, which comprises 8,093 sq ft on a 10-year lease. Craig Hinvest of real estate agency Lambert Smith Hampton explained the company’s decision:

“The company chose Space House as they wanted an amenity-rich, inspiring, and modern workspace with strong ESG credentials for their future workspace. The club lounge and rooftop terrace will be a real asset to their business and staff wellbeing. They also love working the building’s vibrant location in Covent Garden and an easy commute for all their staff. They can’t wait to move into their new home.”

The recent lettings underscore the demand for high-quality office space designed to support businesses in attracting and retaining the best talent. In addition to these first two leasing commitments, there is 148,000 sq ft of tenant demand currently in the space planning process across the property.

Tyler Goodwin, the CEO of developer Seaforth Land, said:

“These lettings underline how Space House speaks to the growing demand for distinct, authentic and well-located office space in Central London. Combining a stunning brutalist façade, a raw-characterful interior and the bars, theatres and restaurants of Covent Garden, Space House is the right building for the modern world of work.” 

Jay Kwan, Managing Director of QuadReal Europe, said:

“Space House is one of the most ambitious redevelopments in London and demonstrates that it is possible to offer innovative, modern workspaces by breathing new life into listed buildings while preserving its unique heritage and minimizing the carbon footprint.”

QuadReal, Seaforth Land and Atelier Capital Partners acquired Space House in 2018 and assembled an award-winning team including architects Squire & Partners, and engineering firms Atelier Ten and Pell Frischmann. The vision was to embrace the unique interior and exterior architecture and authentic period materials, and then to elevate the customer experience through the highest quality finishes, building technologies and amenities.

Originally built in 1968 and designed by George Marsh and Richard Seifert, Space House stands as one of the finest examples of Mid-Century Modern Brutalism architecture in London. The building has undergone extensive redevelopment to create a characterful net zero carbon, BREEAM Outstanding experiential office space.

Space House comprises two buildings: The Tower, Covent Garden’s tallest tower at 17 floors; and The Block, which is connected to the tower at floors 1,2, and 3 and which is home to the Space House club lounge on the top floor. Typical floors in The Tower are 10,300sf and column free and in The Block are 8,000sf with a single row of columns while the connected floors are approx. 20,000sf per floor- each with private patios. Thanks to the building’s setting in a conservation area, the Tower’s top 10 floors offer extraordinary and preserve 360-degree views of London.

Key new features of the building include:  

• A new Sky Loft, an exclusive 17^th floor office penthouse for a single tenant looking for between 26,000 and 46,000sf of uninterrupted 360 views capped with a top floor wrap-around terrace of 3,600 sq ft 
• At the top of the block is a new 8th floor to serve as a members-style Clubhouse for occupiers of Space House with a 5,000 sq ft rooftop terrace and bar, with views of the Tower’s striking architecture on one side, and Lincoln’s Inn Fields, London’s largest garden square, on the other.  
• The basement of the building has been transformed from a storage facility to a double height event space.  
• No less than 200 underground car parking spaces have been replaced with market-leading facilities for cyclists including 605 bike spaces and 62 showers. 

Sensitive restoration has been combined with cutting edge design and technology to improve both health and well-being while significantly reducing operational carbon. In a London-first for a prime office building, Space House has an automated window system connected to a weather station and algorithm that will take advantage of night cooling during summer months, by opening the windows and “thermally loading” the interior structure thus reducing the need to run air conditioning in the summer months.

The completed and modernised Space House is fully electric and net zero carbon, and has achieved WiredScore Platinum, Fitwel and BREEAM Outstanding ratings – one of the first listed office buildings to do so.

www.spacehouse.london @spacehouselondon

ENDS

Office agents: CBRE and Savills.
Retail and leisure agents: Bruce Gillingham Pollard.

NOTES TO EDITORS:
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About Seaforth

Seaforth Land is a multi-award winning Central London specialist real estate investor and developer. We are an FCA regulated fiduciary established in 2015 by experienced investors as to serve institutional, private equity, and family office clients. As their operating partner we manage transactions through the entire investment life cycle from research and origination to structuring, due diligence, and execution and including development and asset management.

Seaforth is a recognised innovator in ESG and an expert in designing and developing experiential, sustainable refurbishment with over 600,000sf of development experience. In 2023, Seaforth completed and then sold 8 Bleeding Heart Yard, achieving the highest price achieved psf in the London City office market that year and making it the best-practice model for refurb to core. This speculative office refurbishment was fully let to Julius Baer and has received the highest honours for the Civic Trust Award, the New London Award, and the Better Future/ London Design Award.

Our fiduciary culture is defined by integrity in thought, word, and deed and built on a foundation of performance designed to serve the world’s most demanding clients.
www.seaforthland.com

About QuadReal Property Group  

QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management are $89 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating platforms in which it holds an ownership interest.   

QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.  

QuadReal: Excellence lives here.   
www.quadreal.com