23 January 2015 – Property Week
BMG Chrysalis UK will move into the 22,879 sq ft eighth floor, bringing together its existing team with recent acquisitions Infectious Music and Union Square Music.
BMG joins the 262,000 sq ft building’s existing office tenants, which include Marks & Spencer, NCR, Helios Towers Africa, UnitedHealth Group and Avanta.
The 15-storey building is part of the wider regeneration of Merchant Square, which will provide more than 600 residential units and 500,000 sq ft of office space. Richard Banks, chief executive of European Land, said: “With the penthouses at 3 Merchant Square now launched and preparation for 1 Merchant Square under way, these are exciting times for Paddington.”
Knight Frank and Jones Lang LaSalle are letting agents for 5 Merchant Square. Elsworth represented BMG Chrysalis.