Landsec Secures Major Lease with BP for New Global Headquarters at Timber Square Development in Central London

Landsec Secures Major Lease with BP for New Global Headquarters at Timber Square Development in Central London

(IN BRIEF) Landsec has signed a significant lease agreement with BP for the entire 192,000 sq ft Ink building at its Timber Square development in SE1, which will become BP’s new global headquarters. The completion of Timber Square this month brings the development to 54% occupancy, with continued interest in the remaining space. The deal reflects strong demand for high-quality, sustainable office environments in central London. It also builds on Landsec’s broader leasing momentum, with strong uptake at MYO Kings Cross and growing interest in the upcoming Thirty High development. The agreement highlights the ongoing importance of premium, well-located office space that meets modern business and sustainability requirements.

(PRESS RELEASE) LONDON, 20-Mar-2026 — /EuropaWire/ — Landsec has secured a major office leasing agreement with BP at its Timber Square development in London’s SE1 district, with the energy company committing to occupy the entire 192,000 sq ft Ink building, which will serve as its new global headquarters.

The Ink building forms part of the wider Timber Square scheme, a 15-storey office development that reaches completion this month. Following the agreement, the overall development will be 54% leased, while interest continues to build for the remaining Print building, reflecting sustained demand for premium office space in central London.

The deal highlights ongoing momentum in Landsec’s office portfolio, particularly for high-quality, well-connected workplaces that meet modern expectations around sustainability, design, and employee experience. Timber Square’s location in Bankside, combined with its environmental performance and contemporary amenities, aligns with the requirements of major global occupiers seeking to enhance their workplace offering.

This latest agreement follows continued leasing activity across Landsec’s wider development pipeline. At MYO Kings Cross, which was completed toward the end of 2025, approximately 60% of the space has already been let or is currently under offer, with expectations that the scheme will be largely occupied by the summer. Similarly, interest remains strong in the Thirty High development in Victoria, SW1, which is scheduled for completion later this year.

The company’s current pipeline reflects a focus on delivering net-zero carbon buildings and amenity-rich workspaces in areas where high-quality supply is limited. Across its developments, Landsec continues to prioritise spaces that support both sustainability targets and evolving workplace needs, helping occupiers attract and retain talent in competitive markets.

BP’s decision to relocate its global headquarters to Timber Square reinforces the continued appeal of prime London office space and underscores the importance of modern, flexible, and environmentally conscious workplace environments.

NOTES TO EDITORS

Timber Square provides sustainable, high – quality workspace across two buildings, Print and Ink, which are arranged around a new public square in the heart of Bankside. The development has been designed to meet the evolving needs of businesses, creating a space which enhances employee wellbeing through a communal roof terrace, shared amenity and end of trip facilities.

At 15 storeys, the Ink Building is the tallest hybrid timber and steel building in Europe, making it one of the most significant net -zero commercial developments in the UK. The ambitious project has also retained 85% of the original structure in the Print Building, to deliver a unique blend of heritage and innovation and achieve a c. 50% reduction in embodied carbon compared to a typical office build. The all-electric buildings are heated and cooled using air source heat pumps and are powered by 100% renewable energy.

Located within walking distance of three of London’s major transport hubs – Waterloo, London Bridge and Blackfriars – the development benefits from exceptional transport connectivity. With Borough Market and Vinegar Yard on its doorstep, it is also surrounded by some of

London’s most popular food and drink destinations.

ABOUT LANDSEC

We identify and shape places that create opportunity, enhance quality of life, and bring joy to the people connected to them. This is how we’ve created the UK’s leading portfolio of urban places and one of the largest real estate companies in Europe. Our £10 billion portfolio is built around premium workplaces, the country’s pre – eminent retail platform, and a residential pipeline that will redefine urban life.

We’ve honed this ability over 80 years. Spotting the opportunities, building the partnerships, and continually adapting to shape the places that meet the needs of a changing world. Places where life happens. Where businesses grow. And where cities are defined.

Find out more at Landsec.com

Media Contact:

Press Investors
Chris Hogwood Ed Thacker
chris.hogwood @landsec.com edward.thacker @landsec.com

SOURCE: LANDSEC