15th Jan 2015 10:35
LONDON (Alliance News) - Derwent London PLC on Thursday said it has struck a deal to let 34,000 square foot to The Office Group at its 2 Stephen Street property in central London.
Derwent said Office Group will take the space, covering the first to third floors of the building, on a 20-year lease without breaks and on a base rent of GBP2.2 million per year.
"We are pleased to welcome The Office Group, with whom we share a design-led approach, to the regenerated 1+2 Stephen Street. This letting continues to show the strong attraction of Fitzrovia and the significant improvements to the eastern end of Oxford Street," said Derwent Chief Executive John Burns.
Derwent shares were up 0.5% to 3,095.00 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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