In a move bolstering Nine Elms as a new media hub south of the Thames, DK, the world leading illustrated reference publisher is to follow sister company Penguin Random House UK by relocating to One Embassy Gardens.
Announcing the company’s lease option for three floors at Ballymore’s One Embassy Gardens, DK’s CEO Ian Hudson said: “We are delighted to be moving to One Embassy Gardens with our Penguin Random House UK colleagues. This is a wonderful new space at the heart of one of London’s most exciting new developments.”
Also joining Penguin Random House on the new £15bn development between Vauxhall and Battersea, one of the largest regeneration projects in Europe, are Michael Joseph and Penguin Random House Children’s, both previously based at the Strand. Transworld is moving from its site in Ealing and Vintage from Vauxhall Bridge Road.
John Mulryan, managing director, Ballymore UK, welcomed DK’s decision to move by 2020.
“DK’s relocation to One Embassy Gardens is a great testament to Nine Elms’ remarkable transformation. Their move, in conjunction with Penguin Random House, will create a new media and publishing hub for London and we are looking forward to welcoming our new guests. Penguin Random House is the ideal tenant given its strong brand and reputation.
“With the recent opening of the new US Embassy and the announcement of Apple moving its headquarters to the area, this gives further momentum to this remarkable place of regeneration.”
Penguin Random House will occupy 83,400 square feet across floors one to five of One Embassy Gardens with a dedicated reception and event space on the ground floor. CEO Tom Weldon commented:
“This move provides an opportunity for all of our teams to work together even more closely as one company. This is about much more than just bricks and mortar. We want to use our new workspace to build a creative culture for the future that will help us to attract and retain the very best talent.”
As part of the redevelopment, a new London Underground station is currently under construction in Nine Elms as part of the Northern line extension to Battersea.