FOI request detail

Relocation from 55 Broadway.

Request ID: FOI-0526-2425
Date published: 10 June 2024

You asked

Follow on from FOI-0264-2425 Do you have the total cost of renting the alternative accommodation for all those transferred out on a yearly basis? eg all those departments moved to Stratford.

We answered

TfL Ref: FOI-0526-2425

 

Thank you for your follow up request which we received on 13 May 2024, asking about the 55 Broadway complex.

 

Your request has been considered in accordance with the requirements of the Freedom of Information Act and our information access policy.  I can confirm that we hold the information you require. You specifically asked: 

 

Do you have the total cost of renting the alternative accommodation for all those transferred out on a yearly basis? e.g., all those departments moved to Stratford.

 

As previously advised, the Broadway Complex was surplus to requirements, along with a number of other office buildings both leasehold and freehold, which were disposed of or commercially let. Our strategy was to consolidate our office colleagues in spatially efficient, modern, fit for purpose office space, driving our ‘smarter working’ (such as desk sharing). Those colleagues who remained in 55 Broadway at the time of the sale were relocated across our head office portfolio to various locations that had surplus unoccupied space, including 5 Endeavour Square (5ES) in Stratford which had a capacity for over 3,600 staff. The annual rent at 5ES, which was effectively an existing cost to the business, is £10.50m. On-going savings were generated by the closure of the Broadway complex. The agreement for lease for 5 Endeavour Square was signed 1 May 2015, eventually signing the lease and occupying from Oct 2017, post construction and fit-out.

 

If this is not the information you are looking for, or if you are unable to access it for any reason, please do not hesitate to contact me.

 

Please see the attached information sheet for details of your right to appeal as well as information on copyright.

 

Yours sincerely

 

Eva Hextall 

FOI Case Management Team

General Counsel

Transport for London

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