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17/11/2022

British Land Secures First Letting At Norton Folgate

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British Land has secured its first letting at Norton Folgate to international law firm Reed Smith.

The firm has signed up to 126,800 sq ft at Blossom Yard & Studios, a third of the overall space a year ahead of completion.

Located next to Spitalfields, Norton Folgate is a 335,000 sq ft mixed use scheme made up of eight buildings and will include a mix of shops, bars and restaurants alongside offices. Through a combination of redevelopment and careful restoration of heritage warehouses, each building has been designed with the area’s history in mind, while delivering high quality, sustainable workspace.
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Norton Folgate will be a net zero carbon development, with embodied carbon expected to be 434 kg CO2e per sqm at the time of completion, below British Land’s 2030 target of 500kg CO2e per sqm. The offices will be all-electric, with smart technology built in to optimise energy use. The scheme has been designed with health and wellbeing in mind and will feature over 3,000 sq ft of green terraces and a courtyard with planting and outdoor seating.

Andrew Jenkinson, London office managing partner, Reed Smith, said: "While literally just across the street from our current office, Blossom Yard feels a world away from the City. The events of the last two years have led to fundamental changes in the way we work together. This led us to rethink the space we need for the future and how we can use that creatively. Our people have more choice and flexibility in how and where they work than ever before and our new offices will be an attractive, vibrant and dynamic destination."

British Land was advised by JLL and Allsop and JLL acted for Reed Smith.

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