Derwent London has pre-let the entirety of its Network W1 office scheme to Databricks, securing full occupancy ahead of completion.
The 136,300 sq ft development has been leased on a 15-year term, with a tenant break option at year ten, at an annual rent of £14.1m. The transaction reflects continued demand for high-quality, well-located office space from data and AI-led occupiers expanding their London footprint.
The letting comes as central London’s office market faces tightening supply, particularly for newly delivered, amenity-rich buildings aligned with occupier expectations around flexibility, sustainability and connectivity.
Network W1 has been designed to meet these evolving requirements, offering adaptable workspace alongside a strong amenity provision, positioning it to attract technology and innovation-led businesses.
“We are delighted to have pre-let all of the offices at Network W1 to Databricks shortly before completion at a rent which reflects the quality of the space we are delivering. This maintains our long and successful pre-letting track record.
“Momentum is strong across the business and since the start of 2026, we have now agreed lettings totalling £15.7m of rent with lease renewals and regears adding a further £2.1m. In addition, we have £4.3m of transactions under offer.”
Paul Williams, Chief Executive Officer, Derwent London
The agreement highlights how AI and data-driven companies are increasingly shaping demand in prime office markets, with real estate strategies closely aligned to talent access, infrastructure and high-performance workspace environments.
