Teddy Sagi’s Labtech appoints letting agents for £300m Victoria House
Israeli billionaire Teddy Sagi’s investment firm Labtech has appointed Farebrother and Cushman & Wakefield as leasing agents for its Grade II listed Victoria House.
Labtech, which bought the building for £300m last year, has instructed the agents to market the 200,000 sq ft of office space in Bloomsbury, WC1.
The 11-storey Victoria House also contains 80,000 sq ft of events, retail and hospitality space on the basement, ground and mezzanine floors, and is viewed by the company as its “most iconic” office space in its £3bn portfolio.
Israeli billionaire Teddy Sagi’s investment firm Labtech has appointed Farebrother and Cushman & Wakefield as leasing agents for its Grade II listed Victoria House.
Labtech, which bought the building for £300m last year, has instructed the agents to market the 200,000 sq ft of office space in Bloomsbury, WC1.
The 11-storey Victoria House also contains 80,000 sq ft of events, retail and hospitality space on the basement, ground and mezzanine floors, and is viewed by the company as its “most iconic” office space in its £3bn portfolio.
Yaron Shahar, Labtech’s chief executive, said the site offered “exceptional quality workspaces at one of London’s most sought-after locations and is ideal for a wide range of companies”.
Andy Tyler, head of Cushman & Wakefield’s West End office team, added: “The office market has been unsurprisingly challenged in the current climate, however, workspace options with amenities to support employee health and wellbeing are now more important than ever and Victoria House is the ideal solution to bridge this gap in the market.”
It comes weeks after Labtech hired a member of Cushman & Wakefield’s central London team, Ed Nicholson, to head up its internal office leasing team in the capital.
Israeli-born Sagi founded gaming software firm Playtech, before shifting his focus to London’s commercial property market and founding Labtech two years ago.
