Red Bull Inks 38 KSF in London
- Dec 21, 2017
CBRE Global Investors has secured a 37,855-square-foot lease with Red Bull Co. at Seven Dials Warehouse in London. The energy drink firm signed an 11-year lease and will occupy the reception, part ground, mezzanine and floors three through six.
Located at 42-56 Earlham St. in Covent Garden, the property will serve as Red Bull’s new London headquarters. Seven Dials is a small road junction where seven streets meet. Seven Dials Warehouse features 40,000 square feet across six floors, as well as a 3,000-square-foot rooftop terrace. CBRE Global Investors upgraded the office portion of the building, working with architects Gpad London Ltd. to provide a contemporary office space, while incorporating the historic elements of the property. The building is within close proximity to the Covent Garden, Leicester Square and Holborn Underground stations.
“Seven Dials Warehouse is a unique building in an excellent location, which fits well with our client’s strategy of investing in quality assets in core locations,” said Laura Wilson-Brown, director, Separate Accounts—UK, CBRE Global Investors, in prepared remarks. “We are delighted with the refurbished scheme’s design and are pleased to welcome Red Bull as our tenant. Previous tenants to make Seven Dials Warehouse their headquarters include Facebook, Expedia and King.com.”
Earlier in the year, CBRE Global Investors and Prologis formed a new logistics venture in the United Kingdom, in which the entity will pursue a develop-to-own strategy focusing on prime markets in the East and West Midlands, London and the South East.
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