BE Offices, a multi-award-winning provider of flexible workspace in the UK, today announces a partnership with real estate giants, Derwent London, to take the part ground and 1st floors of The White Chapel Building.
The deal marks a new chapter for the veteran serviced office provider characterised by a firm stamp of approval from the UK’s largest London office-focused real estate investment trust (REIT).
BE Offices is confident of opening at almost full occupancy at the end of 2025 when the refurbishment project, delivered by Thirdway Interiors, will be completed.
The eight-storey The White Chapel Building was acquired in December 2015 and sits on a one-acre site. Phase 1 of the refurbishment, totalling 184,000 sq ft of offices, completed in Q4 2016 and was fully let in under seven months. Office tenants include Asthma + Lung UK, Breast Cancer Now, Claremont Consulting, Comic Relief, Emperor Design, Government Digital Services, OFX, Pay.UK, PLP Architecture, Reddie & Grose LLP and Shipowners’ Club, UK Forex.
The property has typical Derwent London characteristics of generous floor to ceiling heights, fantastic natural light and excellent transport connections as well as column free floor plates around a central atrium. It is located directly opposite Aldgate East underground station and close to Liverpool Street and Whitechapel Crossrail stations.
Jonathan Weinbrenn, Managing Director of BE.Spoke, BE’s managed workspace division, commented:
“I’m thrilled to announce our latest transaction, this time with Derwent London, one of the capital’s most innovative and exciting landlords. Our vison is to deliver a dynamic, hospitality-driven flex offering.
Working alongside Thirdway Interiors, BE Offices will be bringing something truly unique to the market through the design, tech stack, event space and service standards.
It’s been an absolute pleasure working with the wonderful team from Derwent London and I look forward to our continued relationship.”
Notes for editors
Derwent London plc
Derwent London plc owns a commercial real estate portfolio predominantly in central London valued at £5.0 billion as at 31 December 2024, making it the largest London office-focused real estate investment trust (REIT).
Derwent’s experienced team has a long track record of creating value throughout the property cycle by regenerating its buildings via redevelopment or refurbishment, effective asset management and capital recycling. Derwent typically acquire central London properties off-market with low capital values and modest rents in improving locations, most of which are either in the West End or City Borders. They capitalise on the unique qualities of each of their properties – taking a fresh approach to the regeneration of every building with a focus on anticipating tenant requirements and an emphasis on design. Reflecting and supporting their long-term success, the business has a strong balance sheet with modest leverage, a robust income stream and flexible financing.
Derwent are frequently recognised in industry awards for the quality, design and innovation of its projects. Other landmark buildings in their 5.4 million sq ft portfolio include 1 Soho Place W1, 80 Charlotte Street W1, Brunel Building W2, White Collar Factory EC1, Angel Building EC1, 1-2 Stephen Street W1 and Tea Building E1.
As part of Derwent’s commitment to lead the industry in mitigating climate change, it has committed to becoming a net zero carbon business by 2030, publishing its pathway to achieving this goal in July 2020. Derwent’s science-based carbon targets validated by the Science Based Targets initiative (SBTi). In 2013 the Company launched a voluntary Community Fund which has to date supported 180 community projects in central London.
The Company is a public limited company, which is listed on the London Stock Exchange and incorporated and domiciled in the UK. The address of its registered office is 25 Savile Row, London, W1S 2ER.
