Tristan Capital Partners and Canmoor Asset Management have leased the first floor of Croydon Interchange to global serviced office group IWG, formerly Regus.
The 18,500 sq ft letting is understood to have signed at the end of last year and been the largest letting in Croydon in 2017.
Interchange is now 80% let to occupiers including EDF Energy PLC, Siemens, Vitality Health, Towergate Insurance and Ramsay Healthcare.
Regus is doubling its presence in Croydon and will continue to operate from The Lansdowne Building on Lansdowne Road.
Sam Walker, Director, Canmoor Asset Management, who manages the asset on behalf of the owners, said: “We are delighted to welcome Regus to Interchange – their desire to grow their exposure to the Croydon occupier market is testament to the fundamental attributes of the town: superb accessibility, rapidly expanding amenity provision and its increasing appeal to young, fast moving businesses, as well as established blue-chips.
Richard Morris, UK CEO, Regus, said: “Croydon is a vibrant business location with a significant catchment of professionals. Interchange enhances our existing offer in Croydon and is a prime spot for firms of all sizes looking for a well-connected base, so we see it as a natural fit for our smart, flexible workspace offering.”
Regus was advised by CBRE. Tristan Capital Partners and Canmoor Asset Management were advised by Savills, DTRE and Knight Frank.