King’s Cross lands new office occupier in Pancras Square

The King’s Cross estate will soon be welcoming its first new office occupier to Pancras Square in more than five years after signing a deal with the UK’s leading parking app, JustPark.

JustPark has taken 7,000 sq ft in 2 Pancras Square to accommodate its UK team and support its ambitious international growth plans. The business will relocate its staff from nearby Kentish Town in late summer this year.

Lina Margolin, Chief Operating Officer at JustPark, said: “After a comprehensive search for new office space, we were impressed by the quality of the workspace and amenity on offer at 2 Pancras Square, as well as King’s Cross’s connectivity to the rest of London and across the UK. The space will provide us with a location in central London, allowing us to attract and retain talent as we grow our global business. We love the curation of the estate and everything it has to offer our workforce and we are looking forward to meeting other like-minded people and businesses.”

Pension fund AustralianSuper has also expanded its presence in 2 Pancras Square with an additional 15,000 sq ft on the fourth floor, taking its total occupancy to 30,000 sq ft until 2035. The expanded floorspace will allow AustralianSuper, which is a majority shareholder in the King’s Cross estate, to expand its headcount as it broadens its global investment capabilities and local presence in the UK and European markets.

Damian Moloney, Deputy ChiefInvestment Officer and Head of International for AustralianSuper, said: “We are very pleased to expand our office footprint and extend our lease at the King’s Cross estate. King’s Cross has been our London base for the past six years, supporting the growth of ourUK and European operations. Extending our commitment to the building reflects both our satisfaction with the estate and our long-term commitment to its continued development. With our London office expected to grow to approximately 300 team members by 2030 – aligned with AustralianSuper’s global growth strategy and our deepening investment in the UK market – the additional space and enhanced amenities at King’s Cross will be instrumental in supporting our growth. This will help us attract top talent and continue delivering strong, long-term returns for members.”

Over the last three years, there has been significant work to improve the rooftop and reception facilities at 2 Pancras Square, advancing the experience and workspace amenities on the estate. This includes an impressive new reception area, a new cycle store and shower facilities and a newly landscaped roof terrace, plus a full Cat A refurbishment of the office space on the first and second floors.

Henry Shearer, Head of Office and Investment at King’s Cross, added: “King’s Cross is a workplace destination where innovation and creativity thrive and where businesses of all shapes and sizes can connect, collaborate and grow. We are delighted to welcome this new cohort of people to the estate, who will be able to enjoy everything the estate has to offer, from our all-year-round events and enlivenment programme to the diverse food, leisure and wellbeing offer.”

King’s Cross has had limited leasing opportunities over the last five years but has recently brought forward a range of new spaces at 2 Pancras Square and Western Transit Shed totalling 65,000 sq ft.

This is in addition to The Jellicoe,a 172,000 sq ft workspace building which recently launched, offering a combination of flexible workspace through one of Europe’s largest management agreements with FORA and longer-term space available directly from King’sCross. The flexible space at The Jellicoe is now over 70% leased to a range of innovative businesses, with a further 38,000 sq ft of longer-term Cat A space also available.

Shearer continued: “Following a period of limited availability, we have worked hard tobring new leasing opportunities to market. New occupiers like JustPark can notonly benefit from state-of-the-art buildings and amenities but will become partof a thoughtfully curated innovation ecosystem that exists in partnership witha committed owner.”