Media & Insights

Landsec adds 100,000 sq ft to flexible office portfolio

19 September 2023

Landsec will further accelerate the growth of its successful flexible office business, Myo, by opening an additional 100,000 sq ft of space in Kings Cross in 2025 and Lucent, Piccadilly in early 2024. 

The move significantly progresses Landsec’s strategy to build on the success of Myo’s two existing sites, Myo Victoria Street and Myo Liverpool Street, which are over 92% let and delivering an enhanced income return over traditional blank canvas space. 

The news follows Landsec’s earlier announcement that three new Myo sites will open by the end of 2023. The locations, Myo New Street Square, (45,000 sq ft), Myo St Paul’s, (46,000 sq ft) and Myo Bankside, (48,000 sq ft), will offer high quality, flexible and fully serviced space for businesses across the capital.

Combined, these announcements will grow Myo's total footprint from under 100,000 sq ft today to over 300,000 sq ft by 2025, across seven central London locations.

Marcus Geddes, Managing Director, Workplace at Landsec said: “Businesses of all shapes and sizes are looking for high quality, sustainable offices in locations that will draw in talent and help to create the right culture to grow. Our existing Myo locations are already close to capacity, and we see continued strong demand for high quality, flexible office space in the right locations. 

Following the acquisition of a freehold interest in King’s Cross, we’ve unlocked an opportunity in a prime location which will create accretive value and which enables us to accelerate our Myo expansion plans. Meanwhile in Piccadilly, we’re responding to customer demand and bringing forward more quality, flexible space to a supply constrained West End market.” 

Landsec has committed to opening a 23,000 sq ft site at Lucent, its new office scheme located directly behind the iconic Piccadilly Lights. Spread across two floors it will provide lounge, meeting rooms, event space and private offices in a landmark location. In Kings Cross Landsec will create 82,000 sq ft of WELL certified flexible space in the heart of one of London’s best connected areas.