The new S1 Building, part
of a major regeneration scheme in King’s Cross, London, has secured a high
profile commercial tenant with the news that Nike is to move its UK HQ there.
Nike is currently based in
Soho in central London
but has been looking for new accommodation for when the lease there expires in
2020. It will take around 60,000 sq ft at S1 where other nearby high profile
occupiers will include Google and Facebook.
Securing Nike is something of a coup for S1, and for the regeneration and development of King’s Cross. Until a decade or so ago the northern part of King’s Cross was a run-down, post-industrial area largely off the radar of commercial or residential developers. However it has been transformed in recent years, underpinned by the major redevelopment of St Pancras and King’s Cross mainline railway stations. That global companies are prepared to move out of central London and relocate to what is being called a new ‘city quarter’ is very much a vote of confidence in the prospects for the wider area.