Dutch developer Edge and Goldman Sachs Asset Management are set to sign ServiceNow, the American software company, for 70,000 square feet to anchor their Edge London Bridge office development, CoStar News can reveal.
The joint venture and its funding partners, Local Pensions Partnership Investments and The London Fund, are proposing "London’s most sustainable office tower" at the site. The building is targeting BREEAM Outstanding and WELL Platinum certification.
Market sources suggested ServiceNow is in talks to take the space, alongside an option on another 50,000 square feet as part of the deal, and would sign a 10-year lease. It is thought to be leasing the top seven floors where rents of up to £130 per square foot are being targeted.
Edge formed a joint venture with Goldman Sachs Asset Management and the funding partners, who will own 75% of the Edge London Bridge development, in 2022.
The London Fund is a collaboration between Local Government Pension Scheme investment pools, LPPI and London CIV, which also manages local authority pensions.
The 260,000-square-foot office building across 28 floors is on St Thomas Street on London’s South Bank and next to London Bridge Station.
Due to complete in 2026, it will be Edge’s first net zero carbon development in the UK. The building has a target of becoming “Paris-proof”, with targeted regulated energy consumption of less than 23 kWh per square metre to align with the RIBA 2030 Climate Challenge operational intensity targets for new-build offices.
Underfloor air supply and natural ventilation will provide "optimal air quality". The partners are also pledging biophilic design, planted balconies and a large shared roof terrace.
There will be a public park and the base of the building will be publicly accessible.
Knight Frank and CBRE are the letting agents.
In London, ServiceNow is based at 6 Salisbury Square in the City, and also has UK offices in Staines.
Knight Frank and CBRE declined to comment. ServiceNow did not respond to a request for comment.