Tellon Capital has successfully completed the redevelopment and let the entirety of 40 Broadway, its best in class office development in St James’s Park, London, to Formula 1 on a long-term lease. Thus signalling the exceptional demand for high quality, sustainable workspace in central London.
Located adjacent to St James’s Park, 40 Broadway provides Formula 1 with exceptional premium workspace.
The building has market leading sustainability and wellness credentials including EPC A and WiredScore Platinum and is targeting BREEAM Excellent and WELL Platinum affirming Tellon Capital’s commitment to long term operational sustainability and responsible development.
James Burchell co- founder of Tellon Capital said: “We are proud and delighted to secure Formula 1 as the occupier on this exceptional brand-new Grade A office development. It has vindicated our decision to build the building speculatively and reinforces that offices continue to play a key role for businesses today, providing they offer Grade A, environmentally friendly buildings with fantastic amenities. We are excited to see what plans Formula 1 will have to make it a truly iconic building in an exceptional location.”
Stefano Domenicali, President and CEO of Formula 1: “We are delighted to bring the headquarters and our brilliant team that are the driving force behind the incredible global sport of Formula 1 to these state-of-the-art offices at 40 Broadway. This is a major statement of our commitment to London and the U.K where 9 of the 11 Formula 1 teams are based and we are excited for the future and our plans for the offices in the years ahead.”
Cushman & Wakefield and Tuckerman acted as joint leasing agents on behalf of Tellon Capital. Savills acted on behalf of Formula One.
