Don’t show me the money: GoCardless acquires 25,000ft2 in Clerkenwell - Colliers International | London

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  1. November 2017

  2. Don’t show me the money: GoCardless acquires 25,000ft2 in Clerkenwell

    17 November 2017
    The Colliers Tenant Representation team has just helped GoCardless in its relocation to Clerkenwell with the acquisition of 25,000ft2 at Sutton Yard, a striking 77,500ft2 refurbishment on the site of an old varnish works just behind Goswell Road.
    GoCardless has taken a self-contained office over three levels – ground, 1st and part 2nd floors – that will give the company its own entrance and an impressive welcoming point for clients. The GoCardless workforce, meanwhile, will be based in the 16,000ft2 open-plan first floor space.

    The move represents a continuation of the relationship between Colliers and GoCardless that began around 3 years ago when the Tenant Representation team helped the company find its previous 7,500ft2 premises in Angel.

    Sutton Yard is set in a private courtyard with impressive gates just north of Goswell Road’s junction with Clerkenwell Road and Old Street. It’s a place of expansive, open-plan and light-filled spaces with plenty of raw concrete, metal and exposed details punctuating the minimalist interiors, lending the design a modern-industrial edge. 

    The letting to GoCardless leaves just one last remaining space at Sutton Yard with 11,500ft2 available up on the 4th floor. 

    Founded in 2011, GoCardless helps businesses to process recurring payments around the world, and now processes £3 billion in annual transactions for over 30,000 organisations.

    The relocation to Clerkenwell comes after a recent successful funding round which saw GoCardless raise £16.6million, bringing the total amount raised by the start-up to £34.9 million with some of the world’s leading investors backing the firm including Balderton Capital, Accel Partners, Notion Capital, Passion Capital and Y Combinator.

    The Author

    Sophie Higgins
    020 7101 2020
    07786 510 974
    Sophie.Higgins@colliers.com