Facebook’s parent company Meta has paid £149m to forfeit its lease at a major London office as its staff continue to work from home. The social media giant made the payment to landlord British Land as part of its exit from the eight-storey office on 1 Triton Square, near Regent’s Park, with the break fee amounting to around seven years of rent. Analysts at BNP Paribas Exane said Meta had paid a “huge surrender premium” to give up approximately 310,000 sq ft of prime real estate in central London
Here is how Cadence Design Systems (CDNS) and Meta Platforms (META) have performed compared to their sector so far this year.
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