The letting covers 352,702 sf of offices at £54 ($79) per sf and 22,722 sf of basement storage space at £15 ($22) per sf. The deals means British land can star construction immediately with completion of the building due in the first half of 2004.
Accenture has been looking to consolidate its London operations under one roof and several of its existing leases expire in 2004. Accenture Director Willie Jamieson said 'Accenture is delighted to secure highly efficient, cost effective and flexible space in a preferred location which will meet our consolidated space needs in 2004 and allow for future growth of the business.'
And British Land Chairman John Ritblat said the letting was a healthy indicator for the current City of London office market.
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