Landsec opens central london scheme
Landsec’s has opened its Lucent scheme overlooking Piccadilly Circus, which features 20,000 sq ft of retail and hospitality space including a rooftop restaurant.
The real estate investment trust said that the 144,000 sq ft office-led development was designed to be a destination in its own right and build on the hospitality and leisure scene in the area.
It added that research it had recently conducted that amenities – both inside and outside a building – are one of the most important factors in driving office leasing decisions.
The development, which sits behind the Piccadilly Lights, is the third building Landsec has opened this year.
Landsec said that the market for well-connected and amenity rich office space in London is competitive, with Lucent adding much needed space to the West End.
Marcus Geddes, managing director for workplace at Landsec, said: “Businesses are focused on finding innovative spaces that best serve the needs of their people, meaning that modern office space in prime locations will continue to outperform other markets. The leasing momentum we’ve seen at Lucent is testament to this.
“Access to amenity is fast becoming one of the biggest drivers in leasing decisions, with businesses looking for spaces that can attract and retain the best talent. The combination of office space, retail and an unparalleled restaurants and leisure on site make Lucent a new destination in its own right.”
The agents for the scheme are CBRE and Cushman & Wakefield.