HELICAL LETS KALEIDOSCOPE TO TIKTOKSource: RNS
5 March 2021
HELICAL PLC ("Helical"/the "Company")
HELICAL LETS KALEIDOSCOPE TO TIKTOK
Helical is pleased to announce that TikTok Information Technologies UK limited has leased the whole of Kaleidoscope, its 88,500 sq ft office building that sits above the Farringdon East Crossrail Station. The lease is for a 15 year term with a tenant option to break at year ten and a market rent free period has been granted.
Comprising ground and five upper floors, Kaleidoscope was the first over station development to complete on the Crossrail Line. The property offers a 5,000 sq ft roof terrace with views across London, whilst also sitting adjacent to the green space of Charterhouse Square and utilises the Citigen District Network for its heating and cooling, benefitting from continuing investment into delivering low carbon energy.
Farringdon sits at the heart of London's "Culture Mile" an area that is being transformed into a diverse arts and cultural hub celebrating the City of London's future and its two thousand year history.
Matthew Bonning-Snook, Property Director, at Helical commented "We set out to deliver an architecturally striking and characterful building that would suit the fast growing creative and tech companies that are attracted to this highly accessible location. Kaleidoscope offers this together with excellent tenant amenities including a spectacular roof terrace and strong environmental credentials, thereby clearly responding to today's requirements for wellness and sustainability. As a platform for billions of creators worldwide, TikTok is a perfect business for both the building and the area's ambition to be a destination for culture and creativity."
JLL and Pilcher London acted for Helical plc in the transaction.
For further information please contact:
Tel: 020 7629 0113
Tel: 07385 382972
Dido Laurimore/Richard Gotla/Andrew Davis
Tel: 020 3727 1000