TikTok Information Technologies UK has leased the whole of Kaleidoscope, an 88,500 ft2 (8,220 m2) office building developed by the UK's Helical.
The property, which sits above the Farringdon East Crossrail Station, includes a restaurant unit on the ground floor. The lease is for a 15-year term with a tenant option to break at year ten. A market rent free period has been granted.
Comprising ground and five upper floors, Kaleidoscope was the first over station development to complete on the Crossrail Line, according to Helical. The property offers a 5,000 ft2 roof terrace with views across London, whilst also sitting adjacent to the green space of Charterhouse Square.
It utilises the Citigen District Network for its heating and cooling, benefitting from continuing investment into delivering low carbon energy. It also achieved a WiredScore Platinum rating, placing it is at the at the forefront of digital connectivity.
Matthew Bonning-Snook, property director at Helical, commented: 'We set out to deliver an architecturally striking and characterful building that would suit the fast growing creative and tech companies that are attracted to this highly accessible location.
'Kaleidoscope offers this together with excellent tenant amenities including a spectacular roof terrace and strong environmental credentials, thereby clearly responding to today’s requirements for wellness and sustainability.
'As a platform for billions of creators worldwide, TikTok is a perfect business for both the building and the area’s ambition to be a destination for culture and creativity.'
JLL and Pilcher London acted for Helical in the transaction.
