Workspace lets out HQ office to Wild Cosmetics

(Sharecast News) - Workspace Group has announced a new five-year lease at its Kennington Park site in London, giving up its own headquarters to Wild Cosmetics as the office management company relocates to Camden. Following its acquisition by Unilever, Wild Cosmetics is nearly doubling its space in Kennington Park from 7,500 square foot to 14,000 square feet, while Workspace will move its base operations to The Centro Buildings.

The deal was agreed at a net rent of £42 per square foot amid "positive momentum with other large space lettings", Workspace said.

The company, which recently announced two lettings at Kennington Park for a total of nearly 16 square foot, said it expects the new HQ move to happen in October.

"Wild has been a major disruptor within the cosmetics sector in recent years and has seen phenomenal growth since taking their first space with us six years ago. We're proud to have played a part in Wild's journey - so much so that we're moving out of our head office at Kennington Park to make way for their expansion," said Workspace's chief executive Lawrence Hutchings.

"This enables us to relocate our HQ to the Centro Buildings in Camden where our presence will have both a positive impact on occupancy and support the leasing of Atelier House, part of the Centro Building site. Atelier House is being refurbished into our small studio format opening early next year to serve the creators, innovators, disruptors and creators in this vibrant SME market."