Meta pays £149m to break lease on central London office building

Landlord British Land says decision will knock earnings for six months to next March

Facebook's parent company, Meta, has paid 149m to break its lease on a central London office building, in the latest sign of large corporates cutting back on workspace amid the post-pandemic boom in hybrid working.

The decision comes just two years after the tech firm committed to occupying the site owned and recently redeveloped by British Land at 1 Triton Square near Regent's Park.