KAJIMA’S COMMERCIAL DEVELOPMENT AT 77 COLEMAN STREET IS FULLY-LET

Kajima has signed flexible workspace provider Industrious for the remaining 20,967 sq ft of commercial space across two floors at its landmark Moorgate office development, 77 Coleman, in the City of London.

Industrious is a serviced office operator with a strong track record in the USA and Europe, it now has five sites in the UK, including 70 St Mary Axe in the City.

The deal with Industrious concludes successful lettings in the building to the world-renowned private medical provider Cleveland Clinic, global investment manager Loomis Sayles, and French asset management company Amundi, which occupies three floors. The basement is occupied by the competitive socialising concept, Clays, offering a fully digitised clay target shooting experience using state-of-the-art technology, as well as food and drinks.

77 Coleman Street is an 83,000 sq ft office-led development designed by leading London architecture practice Buckley Gray Yeoman. Rated 'Platinum' by Wired Score and BREEAM Excellent, the transformed building at 77 Coleman won the Best City of London refurbishment award in 2022.

The contracts exchange follows the acquisition of 31,000 sq ft prime office development at 27 Soho Square in London's West End from Federated Hermes.

Kajima's workspace portfolio in London also includes Orwell House in Fitzrovia, which received planning permission in May 2023 to refurbish and extend the 28,600 sq ft building into best-in-class workspaces.

Tim James, Investment Director at Kajima, said: "The decision by Industrious to occupy the final space at 77 Coleman Street demonstrates the attractiveness of highly sustainable, refurbished commercial space in central London and we are excited to support their ambitious growth into Europe to provide a unique coworking offer.

"This approach to meeting the needs of the modern occupier places Kajima in a great position to remain active in the London commercial property market as we pursue further opportunities for boutique commercial schemes in strategic locations."