Pearson secures four new subtenants at its 80 Strand headquarters
LONDON - May 23, 2024 – Pearson (FTSE: PSON.L), the world’s leading learning company, announces that it has secured four new subtenants at 80 Strand, its global headquarters in London.
Athletic apparel brand lululemon, flexible workspace provider Orega, leadership advisory firm Spencer Stuart, and luxury travel company A&K Travel Group, will start occupying the space over the coming months. Combined, they will occupy approximately 112,000 sq. ft of workspace across four floors of the 550,000 sq. ft office building, leaving Pearson with approximately 40,000 sq. ft to sublease.
80 Strand offers best-in-class contemporary office space with an emphasis on high-quality amenities and technology. Following a change in focus to a more modern, collaborative way of working to support the flexible working needs of its employees Pearson now occupies one floor of the building.
Mundy Miller, Pearson Global Head of Real Estate, commented: “We welcome the new tenants to the 80 Strand family, and hope the office space will help to foster a positive and collaborative business environment for their employees. 80 Strand has a prime location at the heart of Covent Garden in central London, offering easy access to amenities and making it an ideal location to conduct business.”
Shami Iqbal, Spencer Stuart UK Managing Partner, commented: “Our UK team is excited to be moving into this iconic building, with its superb location and best-in-class refurbishment. We look forward to taking advantage of the excellent amenities 80 Strand has to offer, together with its spectacular views.”
Sarah Clark, lululemon SVP EMEA, commented: “At lululemon, connection is core to who we are - it strengthens community and fuels our unique culture. As we enter our next phase of growth in EMEA, our team is looking forward to moving into the new office space on 80 Strand, designed to inspire collaboration and creativity.”
Alan Pepper, CEO of Orega commented: “We are delighted to be partnering with Pearson to establish a centre at 80 Strand, providing additional amenity to the building as well as to our own occupiers. The building is superbly located in close proximity to major transport hubs as well as the wider amenities of the West End, and we believe it will be highly attractive to our occupier clients looking for quality space in the capital. We look forward to the successful launch of our operation in early Summer.”
The subtenancy agreements have been led by Pearson’s real estate advisors, CBRE and Gryphon Property Partners. See more of 80 Strand via Instagram (www.instagram.com/80strand) and its website (https://80strand.london)
About Pearson
At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our c.18,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in nearly 200 countries with digital content, assessments, qualifications, and data. For us, learning isn’t just what we do. It’s who we are. Visit us at pearsonplc.com.
About Spencer Stuart
At Spencer Stuart, we know that leadership has never mattered more. We are trusted by organizations around the world to help them make the senior-level leadership decisions that have a lasting impact on their enterprises, on their stakeholders and the world around them. Through our executive search, board and leadership advisory services, we help build and enhance high-performing teams for select clients ranging from major multinationals to emerging companies to nonprofit institutions.
Privately held since 1956, we focus on delivering knowledge, insight and results through the collaborative efforts of a team of experts — now spanning more than 70 offices, over 30 countries and more than 50 practice specialties. Boards and leaders consistently turn to Spencer Stuart to help address their evolving leadership needs in areas such as senior-level executive search, board recruitment, board effectiveness, succession planning, in-depth senior management assessment, employee engagement and many other facets of culture and organizational effectiveness, particularly in the context of the changing stakeholder expectations of business today. For more information on Spencer Stuart, please visit www.spencerstuart.com.
About Orega
Established in 2001, Orega is one of the leading flexible workspace brands in the UK, offering stylish and modern spaces without the constraints of traditional leases. Over the last 20 years, it has developed a reputation for delivering exceptional customer service, offering first-class amenities and cutting-edge technology.
Orega currently operates 26 centres across the UK, offering high-end workspace to over 10,000 customers, providing them with a platform to boost their growth and productivity.
Orega is the UK's no. 1 provider of flexible workspace under Management Agreements. It pioneered this innovative business model with the vision that partnership leads to success for all. As equal partners with its landlords, it co-invests in its workspaces, creating a mutually beneficial relationship and ensuring a consistently excellent customer experience.
About A&K Travel Group
A&K Travel Group. is a leading global lifestyle and travel company, renowned for setting the standard in refined and personalised travel experiences. A&K’s portfolio includes the prestigious Abercrombie & Kent, Crystal, and Cox & Kings brands, alongside strategic investments in innovative travel companies such as Habitas. With a rich history dating back to 1962, A&K specialises in bespoke luxury holidays, escorted tours, and unparalleled travel adventures across more than one hundred countries on all seven continents. For more than three decades Crystal has been synonymous with exceptional, award-winning voyages, offering discerning travellers authentic and enriching experiences with a touch of sophistication and elegance. At A&K Travel Group, we pride ourselves on our extensive global presence, with over 55 on-site offices in more than 30 countries, ensuring that we bring local secrets and exclusive experiences to our clients.
Joining the A&K Travel Group offices is sister company Quintessential Brands, an independent international spirits business, with an exciting and diverse portfolio of premium brands and world-class production capabilities in the UK, Ireland and France. With a global reach, and brand building capabilities, it distributes and supplies customers around the world.
About lululemon
lululemon athletica inc. (NASDAQ:LULU) is a technical athletic apparel, footwear and accessories company for yoga, running, training, and most other activities, creating transformational products and experiences that build meaningful connections, unlocking greater possibility and wellbeing for all. Setting the bar in innovation of fabrics and functional designs, lululemon works with yogis and athletes in local communities around the world for continuous research and product feedback. For more information, visit lululemon.co.uk.
Media Contact
Laura Ewart, Pearson [email protected]