1st Aug 2014 08:01
LONDON (Alliance News) - British Land PLC Friday said it has let 6,500 square feet at 10 Portman Square, near Bond Street underground station, to investment management company Independent Franchise Partners LLP.
Independent Franchise Partners will join asset management firm Arrowgrass, which signed to occupy the 18,534 square feet third floor in May.
The latest deal means 10 Portman Square, which provides 113,700 square feet of Grade A office space over seven floors, is just over 75% let.
The building, completed last year, was part of British Land's 2010 Development Programme comprising 2.7 million square feet, of which circa 820,000 square feet has been delivered in the West End. The 2010 Development Programme is now 78% let or under offer.
British Land shares were quoted down 0.1% at 702.50 pence Friday morning.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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