9th Jan 2025 10:53
Derwent London PLC - London-based property investor and developer - Says all 204,300 square feet of office space at its 25 Baker Street development in London is now fully pre-let to five tenants, for an average lease term to break of 13.5 years. Rents across the building ranges from GBP98 to GBP113 per square foot. The GBP104 per square foot average is a 16.5% premium to the building's appraisal estimated retail value. Separately, the group adds that two of its six retail and food & beverage units are under offer, with discussions ongoing on further units. Read More
