Gaming firm plays for prelet at Fetter Yard
The Workshop Technologies has agreed to prelet 15,000 sq ft at Fetter Yard, EC4, from Europa Capital and Hobart Partners.
The gaming tech firm will occupy the sixth floor on a 15-year lease with break options at years five and 10. The lease is also subject to five-yearly RPI linked rent reviews.
The 101,000 sq ft Midtown building at 86 Fetter Lane, which is under refurbishment, is now 47% prelet with 53,000 sq ft still to be leased. The refurbishment is due to complete by the end of September.
The Workshop Technologies has agreed to prelet 15,000 sq ft at Fetter Yard, EC4, from Europa Capital and Hobart Partners.
The gaming tech firm will occupy the sixth floor on a 15-year lease with break options at years five and 10. The lease is also subject to five-yearly RPI linked rent reviews.
The 101,000 sq ft Midtown building at 86 Fetter Lane, which is under refurbishment, is now 47% prelet with 53,000 sq ft still to be leased. The refurbishment is due to complete by the end of September.
Europa Capital bought Fetter Yard in December 2016 on behalf of its value add fund, Europa Fund V.
“This agreement for lease with an established technology business, which was agreed during the Covid-19 lockdown, is a major sign of confidence in both the London office market and in this property in particular,” said James Fortescue, partner at Europa Capital.
“We believe occupational demand remains for attractive and flexible office accommodation like Fetter Yard, where the supply of Grade A office stock is currently constrained.”
Europa Capital and Hobart Partners were advised by Farebrother and Knight Frank.
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