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  1. January 2019

  2. Signed, sealed and delivered: a successful disposal of Deliveroo’s former HQ

    31 January 2019
    After a proactive marketing campaign that was successful in generating significant interest and multiple offers, Colliers has successfully let Deliveroo’s former offices at The Heal’s Building to Huntsworth plc, for occupation by the creative agency WRG.
    The Heal’s Building is a fine slice of art deco commercial architecture in the West End, with Grade A offices above the flagship stores of two of the most enduring names in UK furniture retail – Heal’s and Habitat. 

    Deliveroo instructed Colliers in September last year to dispose of 10,500ft2 split across 3 units in what is now renowned as one of Central London’s iconic buildings. Due to continuous growth and the dynamic nature of Deliveroo, the business has relocated the remainder of its staff to its HQ in The River Building above Cannon Street station, where they now occupy c. 70,000ft2. 

    The firm’s former home comprised of c. 7,700ft2 of creative office space with warehouse features that wouldn’t look out of place in Shoreditch, Old St or Farringdon. The accommodation afforded an incoming occupier the perfect opportunity to benefit from an existing fit-out with the ability to create their own fresh identity. With a further 2,800 sq ft being sub-tenanted to 2020, the option to expand into the second office made this offering second to none.

    WRG is the biggest of three companies that form The Creative Engagement Group, whose annual turnover is around £47million and whose parent company is Huntsworth plc, a global healthcare communications and public relations group with operations in 29 countries. 

    The assignment to Huntsworth is a great result for Deliveroo whose liability up until the end of their lease in 2025 totalled £4.2million. It’s also a result for Huntsworth who procured beautifully fitted offices in a prime West End location. The deal was completed at the start of January. 

    The Author

    Matt Lord
    +44 20 7487 1793
    +44 7970 384 347
    Matt.Lord@colliers.com