Video-streaming service Netflix, having enjoyed a stellar period of profit and growth undoubtedly fuelled by both big deals with Hollywood production companies and their own original content alike, has secured a new London headquarters, joining a long line of Silicon Valley giants now actively growing their presence in the UK.

The Evening Standard reports that the American entertainment company and video-steaming giant has signed for 12,000 square feet of offices at the Fitzroy Place development near Oxford Circus, relocating from existing yet substantially smaller space nearby.

Netflix’s new home is owned by Aviva Investors Real Estate and Ashby Capital, and let by agents CBRE and JLL.

The move, scheduled to take place next year, will see the company placed but a stone’s throw away from similarly iconic tech enterprises such as Facebook, which has expanded just off Oxford Street with a new London headquarters, as well as music streaming business Spotify and Snap Inc., both of which also agreed deals for larger central London offices in 2017.

According to property agent JLL, tech, media and telecom firms accounted for 37% of the 1.5 million square feet of West End leasing deals in the nine months to September. If the current climate is anything to go by, we can only expect them to take an even larger share in future years.

Sam Bonson

Sam is an aspiring novelist with a passion for fantasy and crime thrillers. He is currently working as a content writer, journalist & editor as he continues to expand his horizons.
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