2nd Sep 2014 06:53
LONDON (Alliance News) - British Land PLC and Development Securities PLC Tuesday said they have signed leases at their respective sites in Orpington and Hammersmith, London.
FTSE 100-listed British Land said Metro Bank has signed for a 5,300 square foot unit on a 25-year lease at its Nugent Shopping Park in Orpington.
The bank, which is due to open in November, will be the company's second in Kent and the first in British Land's current portfolio.
Meanwhile, Development Securities in a joint statement with co-investor SWIP Property Trust said they have completed the final two lettings at 10 Hammersmith Grove to media company Fox International Channels Ltd and to tobacco firm Philip Morris International.
Fox has signed a lease to occupy one and a half floors of the building, a total of 22,600 square feet of office space. Philip Morris has taken 34,240 square feet of office space across the top three floors of the building.
Located in Hammersmith town centre, 10 Hammersmith Grove features 110,000 square feet of Grade A office space over eight floors, with three exclusive roof terraces. The development also includes three restaurant units, two of which have been let to Byron and Bill's, facing onto 6,000 square feet of new landscaped public space.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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