23rd Mar 2015 09:07
LONDON (Alliance News) - FTSE 250-listed property company Derwent London PLC on Monday said it has struck a deal to let the top two floors of its 1 Stephen Street development in central London.
Derwent has let the ninth and tenth floors of the building to private equity company AnaCap Financial Partners LLP. AnaCap will take 16,150 square feet at the building on a ten-year lease with no breaks and at an initial rent equivalent to around GBP1.3 million per year.
Derwent added it is due to complete the refurbishment of Tottenham Court Walk in the second quarter of 2015.
"We are delighted to welcome AnaCap to 1-2 Stephen Street. They join a vibrant group of office occupiers that have helped reposition our investment. The property's location will be further enhanced when Tottenham Court Walk completes in the next few months. This letting demonstrates the continuing strength of our markets," said Chief Executive John Burns.
Shares in Derwent were trading down 0.1% at 3,549.51 pence Monday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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