Paddington Central site is 70% let

DEVELOPMENT Securities has let 70% of office space in the first stage of its Paddington Central development. Visa is to take a 12-storey building with 193,000 square feet, due to be completed next summer, on a 20-year lease for an average of £38.50 per square foot.

WJB Chiltern Group is taking 51,000 square feet at the 11-acre site, formerly the Paddington goods yards, acquired with funding partners Norwich Union Life and Equitable Life.