Formula One Management is set to move into a new London headquarters early next year, leasing a 93,500 sq ft redeveloped office building in Westminster to house around 300 staff.<\/p>\n
F1 last moved offices in 2017, when the series’ new owner Liberty Media traded Bernie Ecclestone’s old Prince’s Gate office for 2 St James\u2019s Market, where it has been renting 21,000 sq ft of space.<\/p>\n
Keeping up with its expanded headcount, F1 management has now finalised plans to move to the other side of St James’ Park to brand-new office at 40 Broadway,\u00a0as first reported by Estate Gazette. F1 is leasing the entire nine-storey building, which boasts 93,500 sq ft of predominantly office space. The building also features roof terraces with views over St James\u2019s Park, Buckingham Palace and the Houses of Parliament.<\/p>\n
“We are delighted to bring the headquarters and our brilliant team that are the driving force behind the incredible global sport of Formula 1 to these state-of-the-art offices at 40 Broadway,” said F1 president and CEO Stefano Domenicali. “This is a major statement of our commitment to London and the UK, where nine of the 11 Formula 1 teams are based.\u201d<\/p>\n
The 40 Broadway site was last occupied by shopping centre operator Intu, which fell into administration in 2020, and has since been acquired, demolished and redeveloped by Tellon Capital.<\/p>\n
\u201cWe are proud and delighted to secure Formula 1 as the occupier of this exceptional, brand-new grade-A office development,” added James Burchell, co-founder of Tellon Capital. “It has vindicated our decision to build the building speculatively and reinforces that offices continue to play a key role for businesses today, provided they offer high-quality, environmentally friendly space with fantastic amenities.\u201d<\/p>\n
Read Also:<\/p>\n
\u00a0<\/p>\n
We want your opinion!<\/p>\n
What would you like to see on Motorsport.com?<\/p>\n