JLL has picked the building for its London West End office hub, CoStar News can reveal.
CoStar News revealed last year that the global brokerage had launched a review of options for a new West End office to complement its move to around 90,000 square feet in a new flagship office at 1 Broadgate in the City in 2026.
The group has now decided to take the circa 14,000-square-foot sixth floor at 1 Newman Street in Fitzrovia, the multilet office and retail block that Royal London Asset Management recently bought from GPE for £250 million.
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 building is targeting a base build operational efficiency of circa 55 kilowatt-hours per square metres, at the top end of energy intensity targets for new developments.
It is also targeting a BREEAM Outstanding rating for sustainability and a WELL Platinum rating for health and wellbeing. It will also be SMART-enabled to analyse and improve operational performance.
JLL will move this year.
The move represents 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.
JLL declined to comment.