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Stanhope and real estate development partner Mitsui Fudosan have completed two further lettings at their newly-developed City of London office scheme. This will bring the new scheme, Angel Court, to 50% let.
Investment consultancy Redington, and Members’ Club, The Clubhouse are the latest and most recent occupiers to sign up at the 300,000 sq ft building, which completed in February this year.
12,500 sq ft of space was taken up by the Clubhouse across the building’s seventh and eighth floors on a 15–year lease, adding to its existing sites in Mayfair and in St. James.
While Redington – the fourth largest investment consultancy in the UK – signed a 10-year deal to take the entire sixth floor, comprising of 19,000 sq ft of space.
Fraser Williams, leading Chartered Surveyor and Director at Morgan Pryce, says; “Angel Court has received substantial interest. There is no reason why the new development can’t be fully let.”
Office occupiers already signed up to the scheme include Bupa, UK Finance, Shanghai Pudong Development Bank, WYG, and Analysis Group. Williams explains; “The popularity of the building within the London occupier market is a clear indication of the demand for quality office space in London. More companies are now looking to move into new development schemes towards the east side of the city.”
GM Real Estate, Cushman & Wakefield and JLL are letting agents. Cushman & Wakefield represented The Clubhouse and Ostroumoff acted for Redington.
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.