JLL has secured a new West End office, taking around 14,000 square feet at Royal London Asset Management’s 1 Newman Street in Fitzrovia as part of a lease assignment of the sixth floor. CoStar News revealed JLL had chosen the building in April.
The adviser said the multilet office and retail block, will form a key component of its London office strategy which also incorporates its new UK flagship office at 1 Broadgate in the City of London and 20 Water Street at Canary Wharf. JLL provides property management services for the entire asset at 1 Newman Street.
The BREEAM Excellent building is opposite the Elizabeth line entrance on Dean Street and JLL said it is closely aligned with its "ongoing strategy to deliver flexible work options as well as sustainable, technologically seamless, inclusive and amenity-rich workplaces across its UK portfolio". 1 Newman Street is also managed by JLL.
Matthew Richards, chief executive, JLL UK and head of EMEA capital markets, said in a statement: “Since 2021 we have worked hard to provide our UK colleagues with offices that embody our vision for the future of work. 1 Newman Street, together with our new UK flagship office at 1 Broadgate and our space at 20 Water Street in Canary Wharf, will offer spaces that have been designed for collaboration, innovation, and wellbeing. Our London estate is a representation of our ambition for sustainability, circularity, and inclusivity that reflects London's status as a leading global city. As we near the end of this journey, I am excited to bring our people and clients together to start JLL’s new chapter in the capital.”
Alex Browning, head of West End office agency at JLL, added: "Securing the right West End base was a priority for our ambitious London office strategy which is setting new standards for sustainability, circularity and inclusivity. 1 Newman Street maintains our proximity to key West End clients, while offering our colleagues a collaborative and vibrant space that is seamlessly connected to our offices in the City and Canary Wharf via the Elizabeth line and the first-class amenities of the West End.”
JLL announced its decision to relocate its UK flagship office from 30 Warwick Street in the West End to 1 Broadgate in 2021. The group's headquarters had been on Hanover Square in the West End and it had been looking at options for consolidating its West End, City and Canary Wharf offices since 2017 ahead of lease breaks that would see it move in 2026.
It agreed a 15-year term for a prelet at British Land and GIC's development on the Broadgate estate in Liverpool Street. The building comprises 546,000 square feet of mixed-use space, including 498,000 square feet of workspace, 47,000 square feet of roof terraces and 48,000 square feet of retail and leisure. Law firm Allen & Overy subsequently prelet 245,000 square feet at the building.
JLL has said its decision to be based at 1 Broadgate reflects its "clear ambitions to be a net zero carbon business and aligns to British Land's own net zero commitments".
The move represented a relatively rare shift of a headquarters from the West End to the City by a major agent, with CBRE, Savills and Colliers all committed to their flagships in the West End and smaller locations in the City. Avison Young recently signed to relocate from 65 Gresham Street in the City to the Met Building in Fitzrovia.
In 2025 Knight Frank followed JLL with Aviva Investors, the global asset management business, signing the broker for 72,400 square feet at its flagship One Liverpool Street development. Cushman & Wakefield's London HQ is at 125 Old Broad Street in the City, with a smaller location at 25 Baker Street in the West End.
JLL had said it would retain a meaningful base in the West End from 2026 to allow colleagues to work around clients’ needs.
In 2021 it agreed to take 38,000 square feet at 20 Water Street at Canary Wharf's giant Wood Wharf development to house its Docklands office. JLL became the first tenant at the headquarters building and also signed up to a first-ever "green lease clause" at the Docklands estate.
Royal London Asset Management bought 1 Newman Street from GPE for £250 million in October.