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Two big international firms will join Formula 1 at the landmark St James’s Market development

The letting drive at the new £400m St James’s Market development has kicked further into gear after developers The Crown Estate and Oxford Properties welcomed two further international firms to the scheme.

Energy company SOCAR Trading along with a currently unnamed second tenant are to relocate their UK headquarters to the landmark commercial development in the West End, which means the scheme is now nearing two thirds let.

In taking the sixth and seventh floors at the office portion of the mixed-use scheme, the two firms follow Formula 1, The Carlyle Group and The Crown Estate in confirming their presence at the marquee office space.

A spokesperson for SOCAR Trading said that the firm was ‘delighted’ to be relocating to the ‘prestigious’ development in the heart of London’s West End, which boasts 260,000 sq ft of commercial space and 210,000 sq ft of office space.

Oliver Smith, Senior Asset Manager for the partnership, commented: “We’re delighted to welcome another two international firms of such caliber to St James’s Market.

“Following the arrival of Formula One last month, these lettings further demonstrate the continued strong demand for quality modern office space and world-class architecture, set amidst the fantastic shops, culture and restaurants that St James’s has to offer.”

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