The Shard bags trio of tenants

23rd August 2016

REM, on behalf of the owners of The Shard, has confirmed it has secured three new leases on level 13 of the tower totalling 20,408 sq ft.

Tukcorp is moving its London headquarters to The Shard while Duff & Phelps, the New York-based valuation and corporate finance advisor, and a FTSE 100 company have also agreed new leases within the building.

Tukcorp, a wholly owned subsidiary of Tabcorp Holdings Limited, has taken 7,022 sq ft on level 13. The space at The Shard will be used for Tabcorp’s new online UK wagering business, Sun Bets, which launched in early August with partner News UK. Tabcorp employs more than 3,000 people predominately based in Australia.

Duff & Phelps currently occupies 28,670 sq ft on level 14 and has agreed to take a new lease of 4,539 sq ft on level 13 making The Shard its biggest European base. It is the second time that Duff & Phelps has increased its office space within The Shard. Duff & Phelps has more than 2,500 employees across 60 offices and provides global valuation and corporate finance advice to publicly traded and privately held companies.

In a separate deal, a FTSE 100 company has also agreed to lease 8,847 sq ft on level 13 at The Shard.

Rents on all three deals are thought be in excess of £75 per sq ft. Deals agreed in the past have signed at rents between £65 and £80 per sq ft with upper floors going for more than £90 per sq ft.

Irvine Sellar, The Shard’s developer, co-owner and vice-chairman of REM, said: “The new lettings to Tukcorp and Duff & Phelps reflect the companies’ business success globally, especially as The Shard will now be Duff & Phelps largest European base. Brexit does not mean exit and we are confident that we will see further businesses benefit from the so called Shard Effect. The Shard’s leasing programme continues apace despite any perceived market slowdown. Advance negotiations are taking place with further occupiers on the remaining 10% of lettable space in The Shard.”

If you are interested in office space in The Shard please call Gryphon Property Partners on 0203 440 9800 or click on the following link - Office space