Knotel’s London expansion continues with three more lease deals

Flexible global office provider Knotel has reported signing three new lease agreements covering over 40,000 ft2 (3,700 m2) in properties across central London since February this year.

The new London office agreements include 21,102 ft2 across six floors at 1 Finsbury Market, signed in March, and a 4,036 ft2 space at 1 Stephen Street. Knotel has also taken 15,802 ft2 at 130 Jermyn Street, across three floors.

These acquisitions bring Knotel’s London footprint to over 180,000 ft2, highlighting the company’s ongoing expansion to the UK, and the growing appetite for flexible office space in the market, the company said. Another raft of UK deals was unveiled earlier this year.

Eugene Lee, global head of real estate and business development at Knotel, commented: 'We’re excited to be leading the rapid growth in the flexible office market; the global trend is not showing signs of slowing down.

'Our expansion is driven by demand for a flexible office product from established UK companies interested in matching their real estate to their business requirements, particularly against the backdrop of an uncertain macroeconomic climate.'

See also PropertyEU's interview with Eugene Lee about the company's expansion

The recent deals increase the company’s total footprint to more than 3 million ft2 globally.

Since its launch in 2016, Knotel has raised $160 mln in funding, with investors including commercial brokerage Newmark Knight Frank, Bloomberg Beta, and Norwest.


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