Brookfield Properties strong leasing momentum continued in the first quarter, surpassing 1 million sq. ft of office leasing transactions across its City and West End portfolio since the start of 2025. Strong tenant retention and record rental levels underline continued occupier confidence in the quality of its buildings, partnership approach and long-term investment in London.
Recent highlights include the regear and extension of Accenture (260,000 sq. ft) and QBE Insurance (100,000 sq. ft) at 30 Fenchurch, a 90,000 sq. ft letting at One Leadenhall to financial technology company, Ripple, a 30% expansion by Uber at Aldgate Tower, a 16,000 sq. ft letting to CleoAI at The Gilbert, and SoftBank taking 9,000 sq. ft at 77 Grosvenor Street, reinforcing demand from global occupiers for premium, well-connected workspace.
Occupancy across Brookfield Properties’ five million sq. ft London office portfolio now exceeds 98%, reflecting the continued appeal of high-quality office space in core London locations, supported by experienced landlords with a strong focus on customer experience.
Having achieved record rents at both of its recently completed developments, One Leadenhall and 77 Grosvenor Street, Brookfield Properties is now focused on bringing forward it’s 1.3m sq. ft development pipeline to capitalise on the robust demand and scarcity of supply.
Dan Scanlon, President at Brookfield Properties, said: “London continues to be a magnet for global businesses and talent, and our office portfolio is incredibly well positioned to capture the outsized and sustained demand for premium, well-connected workspace.
Completing 1 million sq. ft of leasing transactions in the last 15 months is testament to the expertise of our team and appeal of our properties, but the most pleasing aspect is the strength of our occupier relationships. Over 70% of this activity has come from tenants choosing to renew, expand or relocate within our portfolio, demonstrating the quality of our buildings, flexibility of product and the service experience we provide.
As we look ahead, our consented development pipeline – 99 Bishopsgate and One Moor Lane – will play a significant role in the continued evolution of our London portfolio. These schemes will deliver the same high-quality workspace, hospitality-led experience, sustainability focus and partnership approach that our occupiers increasingly expect.”
