Addleshaw Goddard Advised Tellon Capital On 100,000 Sq Ft HQ Letting To Formula 1 At 40 Broadway
Addleshaw Goddard advised Tellon Capital on 100,000 sq ft HQ letting to Formula 1 at 40 Broadway
Addleshaw Goddard has advised Tellon Capital on the long term letting of its newly redeveloped 100,000 sq ft Grade A office scheme at 40 Broadway, St James’s Park, to Formula 1, which has committed to the entire building for its new global headquarters.
The deal represents one of the most significant HQ lettings in London in recent years and follows Tellon Capital’s comprehensive transformation of the site. After the previous occupier’s restructuring left the property fully vacant in 2022, Tellon acquired the freehold and advanced plans to deliver a modern, sustainable office building. Westminster City Council granted approval for the site to be demolished and rebuilt, creating almost 100,000 sq ft of high quality workspace with enhanced floorplates and new roof terraces overlooking St James’s Park, Buckingham Palace and the Houses of Parliament.
The completed scheme sets new benchmarks for sustainability, wellbeing and digital performance, achieving EPC A, BREEAM Excellent, WELL Platinum and WiredScore Platinum ratings.
Christopher Cartwright Partner, Addleshaw Goddard said,
“This is an exciting milestone for Tellon Capital and for the London office market. 40 Broadway sets a new benchmark for sustainability and workplace experience, and securing Formula 1 as its occupier is a testament to the quality of the development”.
Stefano Domenicali, president and CEO of Formula 1, said,
“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 UK where nine 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.”
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.”
The Addleshaw Goddard (AG) advised Tellon Capital on the scheme.
The Addleshaw Goddard (AG) team was led by Real Estate Christopher Cartwright (Partner), and Gideon Ziff (Managing Associate).
Click to know more about Addleshaw Goddard (AG)
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