Prospect opens third centre in heart of City

A Leeds-based office provider has opened its third centre in London to take advantage of the capital’s record levels of demand and rising rents.

Prospect Business Centres, part of the growing Yorkshire based Prospect Property Group, has spent several months refurbishing the fifth floor of a 105,000 sq ft period building in Leadenhall Street, just a few metres from the landmark Gherkin building and opposite Lloyds of London, before opening the doors to tenants.

The new site means the company now has desk space for more than 1,220 people across five centres, which include the three in London plus Prospect House and Fountain House in Leeds.

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Managing director of Prospect Business Centres, Charlie Cudworth, said: “Since we first opened in London in 2011 we have seen consistently high occupancy.

“There are several other potential London sites we are looking at with the right mix of high quality property, good locations and growth in the local area that means we are likely to add further centres to the portfolio during 2015.”

The growth of London as an international centre for finance and the booming economy in the City has driven demand for short and medium-term office space.