Addington Capital signs tenant for 20,000 sq ft midtown office
Addington Capital has let 19,890 sq ft at 10 Fleet Place, EC4, to global strategy consultancy firm Simon Kutcher & Partners.
The property investment and asset management specialist let the fifth floor to the blue chip consultancy firm on a 10-year lease, with an upwards-only rent review on at the expiry of the fifth year. The lease will take effect from 1 February, 2023.
Rents at the refurbished 185,000 sq ft office building are marketed at around £67.50 per sq ft.
Addington Capital has let 19,890 sq ft at 10 Fleet Place, EC4, to global strategy consultancy firm Simon Kutcher & Partners.
The property investment and asset management specialist let the fifth floor to the blue chip consultancy firm on a 10-year lease, with an upwards-only rent review on at the expiry of the fifth year. The lease will take effect from 1 February, 2023.
Rents at the refurbished 185,000 sq ft office building are marketed at around £67.50 per sq ft.
Other tenants at the building include law firm Hogan Lovells, which let 33,000 sq ft across two floors earlier this year, Interpath Advisory, the independent financial advisory business spun out of KPMG, Mott MacDonald, the global engineering consultancy and CNBC, acquired last year by Comcast.
Addington Capital is the asset manager for the property on behalf of Hong Kong’s the Crosby Group, which acquired it in 2015.
David Dalrymple, partner at Addington Capital said: “We have invested heavily during the past 18 months to vastly improve the internal finishes and wider facilities of the building to make it significantly more attractive to occupiers. This has paid off and we now have a list of blue chip and respected tenants, all on favourable lease terms.”
Ingleby Trice advised the landlord and Kinney Green the tenant.
To send feedback, e-mail chante.bohitige@eg.co.uk or tweet @bohitige or @EGPropertyNews
Images: PR
View other midtown office lettings >>
See which agent is doing the most deals in the London submarkets >>
