All change at Shard London Bridge

The Qatari Central Bank and the Sellar Property Group, joint owners of the Shard London Bridge, are reported to have bought out Transport for London’s (TfL) proposed leasehold interest in 18,580 square metres (200,000 square feet) of office space within the building. The rent agreed in 2006 with TfL amounted to £38.50 per square foot. With completion of the building due in 2012, it is envisaged that demand and with it the levels of rent achievable, for such high quality office space within a landmark building, will be high.