Manchester City, Twitter and Facebook become bedfellows

Facebook have signed off on a 10-year deal to take two floors in a Tottenham Court Road property that is already home to UAE owned-Manchester City and social media giants Twitter.

Clearly a desirable location, the building has also been the subject of attention for search engine Yahoo.

Speculation has been rife about where some of tech’s biggest names will choose to locate themselves for the foreseeable future. With the Tech City project expanding its boundaries, it was hoped that some of these household names would opt to position themselves in East London’s tech cluster.

It is a reflection of Facebook’s rapid expansion that, for a space of approximately 90,000 sq. ft, only a 10 year lease has been taken. It would appear that management is acutely aware of the possibility that current requirements will be eclipsed by future growth. Judging by the exponential development of the company in the past decade, it seems impossible to predict where Zuckerberg’s platform will be housed ten years from now.

Completion of Google’s £650 million, 2.4 acre site in King’s Cross is expected to be completed in 2016, having been approved last month by Camden Borough Council. The complex will house a similar square footage to The Shard, and has been dubbed London’s first “groundscrapper”. Facilities will include a rooftop running tract and swimming pool, as well as staff gym and 20,000 sq. ft bicycle shortage area… We know – that’s bigger than our block of flats, too.

It seems London continues to be attractive to the world’s largest companies, but time will tell as to whether they can be tempted in from the fringes to join the Tech City revolution.

For more information on how Shoreditch Office Space is helping clients secure work space in East London, or to discover how we can help with your next property search, please contact sean@shoreditchofficespace.com