Gamesys signs to take over former Arcadia London HQ in new office deal

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The online gaming operator has agreed to take over a large new UK head office in the West End building, which was the home of Sir Philip Greene’s Arcadia before its collapse.

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In the latest encouraging sign for the London letting market, after a rough year where working from home became commonplace, Gamesis has completed a deal for nearly 100,000 square feet.

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The Colgrave House location on Berners Street was previously the home of Arcadia, the former owner of Topshop, which went into administration in November 2020.

Gamesys, which is behind brand games like Jackpotjoy, currently has a smaller space in the capital.

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The expansion comes less than two months after the business was acquired by US casino entertainment firm Bally’s Corporation in a £2 billion deal.

Around 1000 employees will be out of office and GAMIS is looking to hire more employees in the capital.

A Gamesys spokesperson said: “We are proud to have committed our future to London, where we have been based for the past 20 years. As we embrace hybrid work, it is important to have a great place for face-to-face collaboration And we look forward to getting it running in the middle of 2022.”

Property agents Monmouth Dean and Cushman & Wakefield were involved in the rental.

Later Richard Howard, who advised the private landlord, said: “This represents an ever-increasing pace in the recovery story for the London offices.”

Landlords have reported increasing business demand for an eco-friendly location with good transportation links, even if employees are only there for part of the week as flexible work is adopted.

Earlier this week the owner of photo messaging app Snapchat signed on for Clerkenwell Space that will more than double the footprint of its office in London.

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