Award-winning London developer and asset manager LBS Properties has launched Chapter House, a former Victorian school building that has been sympathetically redeveloped and extended, providing over 34,000 sq. ft of new office space over five floors. Chapter House enjoys a prime City fringe location, moments from the iconic Old Street roundabout.
The development enjoys varied floorplates, 4-5m ceiling heights, retained period features and external terraces. LBS Properties has confirmed two pre-lets, together comprising 80% of the project - Ebiquity, a data-led marketing and media consultancy and TotallyMoney, a credit report company, taking 18,000 sq. ft and 7,500 sq ft. respectively on 10 year leases.
Chapter House is one of two adjacent buildings being developed by LBS Properties, collectively known as Chapter and Verse, designed by the renowned Buckley Grey Yeoman architects. The adjoining ‘Verse’ building offers a contrasting new-build office, with smaller floorplates and floor to ceiling glazing. It is expected to launch in September 2020.
Nick Crawford, managing director of LBS Properties, comments: “Through a high quality refurbishment, Chapter House has been transformed to provide outstanding office accommodation with character, in a highly sought after City fringe location. This has been reflected through the early signing of two key tenants prior to officially launching - and we expect the remaining portion of the building to attract high levels of attention.
“Old Street retains a status as a popular hub for the technology, media and telecom sectors, with the ongoing improvements to the roundabout itself set to further bolster this.”
Christian Polman, Chief Strategy Officer at Ebiquity comments “Chapter House, Ebiquity’s new headquarters, will provide our company with a high quality work space suited to our growing and evolving workforce. The site in Old Street reflects our culture of connectivity with clients, partnership with clients and other dynamic firms, and aligns Ebiquity with a highly dynamic and multi-cultural part of London. We look forward to hosting client, partners, and other guests for events, workshops and other high collaboration meetings in our new office space.”
Alastair Douglas, CEO of credit experts TotallyMoney, adds: “At TotallyMoney, we’re focused on not just being a great place to work, but being the number one company to work for. Having been based in Old Street for the past five years, staying in the centre of London’s tech hub at Silicon Roundabout was extremely important when it came to finding new premises.
“Moving into this exciting space at Chapter House has allowed us to design a workplace uniquely suited to us: a calm environment that balances a great event space with working areas for our cross-functional squads — ideal as the team grows and we continue to develop our award-winning free credit report.
“Our mission is to improve the UK’s credit score and help people step up to a better financial future. Having just acquired our two millionth free credit report customer, the office move signifies an exciting new chapter in the TotallyMoney story.”
Chapter House is situated less than 150 metres from the Old Street roundabout in the heart of the area’s thriving tech cluster. In addition to Old Street station just moments away, the building is in close proximity to Moorgate and Liverpool Street stations, with the new Elizabeth Line services due to further improve connectivity soon.
LBS Properties is also re-developing Defoe Court on the opposite side of the roundabout - a 50,000 sq. ft multi-let office building, expected to launch in late 2020.