The privately-owned investment and development firm Native Land has announced that it has successfully let its first office development.
Upon the offices’ completion Native Land will let their ‘OneThreeSix’ office in London’s Marylebone to fintech company Smart.
The London-based fintech firm will occupy the whole of the 44,500-sq-ft Grade A OneThreeSix office building in George Street and will be known as Smart’s new global HQ referred to as ‘The Smart Building’.
Smart has signed a 15-year lease with a 10-year break, at a headline rent of £81.25 per sq ft, which will see the company relocate from its current headquarters in Paddington.
In a statement released earlier, Eamon Mulholland, Chief of Staff at Smart, said: “We are delighted to sign the lease on this new global headquarters for Smart.
“After an extensive property evaluation process, we selected 136 George Street due to its state-of-the-art facilities, green energy credentials and central location. After an extended period of time working from home, we are delighted to sign this lease just as we announce a £165 million Series D funding round.
“We look forward to later this year when we can welcome our colleagues to our new home, The Smart Building.”
OneThreeSix – which is set to be known as The Smart Building, is one of the first all-electric powered office buildings in central London, which will be operationally carbon zero from day one of occupation.
The six-storey office was completed last month and features outdoor terraces on all but one of its six floors as well as impressive floor-to-ceiling windows.
The sixth floor of the all-electric office has a large wraparound terrace with 360-degree views over Marylebone.
Commenting on the office, Native Land Chief Executive, Alasdair Nicholls, said: “At OneThreeSix, we set out to develop a workplace with exemplary standards of sustainability, wellness and quality, to meet the growing demands of modern businesses and their employees.
“Smart’s decision to relocate there is a welcome endorsement of our strategy, which draws on more than twenty years’ experience in creating spaces which aim to enhance the lifestyles of the people that use them.”