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A new refurbishment has been completed in St James and it is all the talk of town as it is being said to be the next record rent achieved in the St James area. With rent predictions as high as £150 per sq. ft. which match the height of rent achieved in Mayfair, this space is sure to be a record breaker.
The bid to get this prestige’s address has already started with offers being put in from numerous parties. The building has been built so it can be taken as a whole or rented floor by floor, most likely floor by floor and to the financial sector.
The façade of the building is made from Limestone and glass making it very presentable and ideal for tenants looking for a client facing space.
Teresa Beatty, a commercial surveyor at Morgan Pryce said “The market eagerly awaits the formal launch of this space, as it will be great to see some higher end options for the clients which was the budget for it.”
Despite the continuing increase in the market rent there continues to be a strong demand for clients looking for high range space and it is quick to be snapped up!
The building is speculated to be sold once let at the asking price of £300 million pounds.
This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.
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