PayPal has signed a significant lease agreement for 40,000 square feet of office space at 76 Southbank, a newly refurbished Grade II listed building in central London, set to open in Q2 2026. The building, located adjacent to the National Theatre, offers a prime location with stunning panoramic views of the Thames and a suite of modern amenities designed to enhance occupant wellbeing and productivity.
The lease agreement marks PayPal as the first occupier of the space, which features a 50,000 square foot outdoor terrace, biophilic landscaping, and a double-height entrance lobby. The building prioritizes sustainability with a design that embraces energy-efficient technologies and a circular economy approach to construction. The refurbishment project has been carried out with great attention to preserving the building’s iconic brutalist structure while incorporating advanced features to meet modern business needs.
Strategically located, 76 Southbank offers excellent transport connectivity, with six stations, including Waterloo and Charing Cross, within a 10-minute walk, providing seamless access to key business areas such as Canary Wharf and the West End. The transformation of this historically significant building into a state-of-the-art office space underscores the growing demand for low-carbon, amenity-rich office environments in London’s competitive real estate market.
For PayPal, this new office is a step forward in the company’s UK expansion, providing a modern, efficient, and collaborative space in one of the city’s most sought-after locations. The decision to occupy 76 Southbank highlights PayPal’s commitment to providing its employees with a work environment that fosters innovation and employee satisfaction, with a focus on sustainability and cutting-edge design.
