Moneycorp relocates from Knightsbridge to The Zig Zag Building, Victoria, SW1
6 January 2016
Land Securities has let the fifth floor of The Zig Zag Building, Victoria, SW1 on a 10 year income lease to moneycorp, the UK’s leading foreign exchange and international payments specialist, demonstrating once again the appeal of Victoria to businesses from across London.
Moneycorp’s decision to take 23,000 sq ft at the building and relocate from its existing headquarters in Knightsbridge is the latest endorsement of Victoria as a thriving business destination for the financial sector.
Moneycorp follows in the footsteps of global headhunter Egon Zehnder which is moving from a traditional Mayfair location to Nova, Victoria, and Deutsche Bank, which recently decided to relocate its Asset Management and Private Wealth Management divisions to The Zig Zag Building to be closer to its clients.
The Zig Zag Building, which reached practical completion in November, is the latest building in Land Securities’ transformation of Victoria. The offices are now 89% let with only the sixth floor available comprising 22,000 sq ft with stunning views across the Royal Parks and a private roof terrace.
Designed by Patrick Lynch, the building totals 188,000 sq ft of office space over 11 office floors. Ground level is host to modern tapas bar Iberica and Jamie’s Italian, both with al fresco seating, as well as M Restaurants, which includes a wine store, landmark restaurant and private members club.
Kaela Fenn-Smith, Head of Commercial at Land Securities, said: “We are delighted that moneycorp has chosen to move to Victoria from Knightsbridge. Their decision to relocate cements the emergence of Victoria as a new hub for the financial services sector. We are proud that our commitment to place-making and the rejuvenation of Victoria has transformed the area into a first choice destination for a plethora of global, financial businesses.”
Nick Haslehurst, CFOO at moneycorp, said: “We look forward to the next phase of our company’s development in establishing our global headquarters in Victoria. After much consideration we are pleased to announce this move which provides us with capacity for future growth in a high quality location.”
Knight Frank and Cushman & Wakefield advised Land Securities and BNP Paribas advised moneycorp.