- Louis Vuitton to move to transformed King’s Cross from Bond Street
- Luxury goods brand is first tenant announced for speculative One Pancras Square
- The firm has been attracted by the area’s creative credentials and international transport links
Louis Vuitton UK Ltd. (Louis Vuitton) will be moving their UK headquarters to King’s Cross in 2014. The luxury goods brand has agreed terms with the King’s Cross Central Limited Partnership (KCCLP) – the company driving the transformation of the once run down area – to take the fifth floor of the new building at One Pancras Square. The agreement for a ten year lease will enable Louis Vuitton to move staff from their current headquarters in Bond Street, which are due to be redeveloped.
The brand new eight storey building, designed by David Chipperfield Architects, will be one of the first commercial buildings to complete on the 67 acre King’s Cross development. The property occupies a prime position between King’s Cross and St Pancras International stations and sits next to the Grade II listed German Gymnasium which is set to become a new restaurant and bar in 2015. The main entrance on King’s Boulevard will face the southern end of Google’s new UK headquarters. One Pancras Square also benefits from a new entrance that links directly into the King’s Cross St Pancras underground station.
As well as the outstanding quality of the building itself, Louis Vuitton are attracted by the emerging creative credentials of the area – Central Saint Martins School of Arts and Design moved their main campus to King’s Cross in 2011 – and the incredibly strong transport connections, particularly the ease of access to Paris on the Eurostar from St Pancras International.
Commenting on the letting, Nick Searl of Argent (King’s Cross) Ltd., the asset manager at King’s Cross said;
“I am delighted that Louis Vuitton will be coming to King’s Cross. We have worked hard to create an exciting and varied place that appeals to a broad range of businesses. This agreement is yet another example of the area’s appeal to innovative, creative and globally recognised brands.”
The move, one of a number of office lettings at King’s Cross, will be seen as another sign of the development’s appeal to the creative industries. It is significant too for Louis Vuitton, who will be the first major fashion brand to move their headquarters from the West End. The company do however have existing links with King’s Cross, sponsoring a course at Central Saint Martins School of Arts and Design.
One Pancras Square will complete later this month. Savills and DTZ advise King’s Cross on commercial lettings. Harper Dennis Hobbs acted for Louis Vuitton.