OWNER of the Daily Mail and Metro newspapers agreed a new 15-year lease yesterday to create a new headquarters at Barkers Building in Kensington from 2024.

Daily Mail & General Trust's (DMGT) deal marks the largest commercial office letting in West London outside of Central London's West End submarket in 2021, and the third largest including the West End. It also marks the growing confidence in a return to office working post-pandemic.

The Barkers Building, which has been home to the Dmgt since 1988, is a listed building set to be made into a sustainable and modern space. The shift will see the Daily Mail make a temporary move into another building in Kensington for a two-year period while the works take place. The Daily Mail will then move back into the building in the second quarter of 2024.

Rich Caccappolo, chief exec at Dmg media, said people are the key to its success and "we're committed to creating a working environment that works for them".

(c) 2021 City A.M., source Newspaper