GPE lets last space at Newman Street
GPE has leased the last remaining office space at its 1 Newman Street, W1, development.
Investment partnership AKO Capital Management has committed to a 10-year lease over 13,900 sq ft on the second floor of the block for its new HQ. It is due to move in early next year.
The latest letting marks a total of 80,700 sq ft of office space leased at the scheme.
GPE has leased the last remaining office space at its 1 Newman Street, W1, development.
Investment partnership AKO Capital Management has committed to a 10-year lease over 13,900 sq ft on the second floor of the block for its new HQ. It is due to move in early next year.
The latest letting marks a total of 80,700 sq ft of office space leased at the scheme.
AKO will join student housing provider Scape and global investment firm Marlin Equity Partners on the third and fourth floors and Exane BNP Paribas, which pre-let the fifth, sixth and seventh floors during the construction of the development.
Located directly opposite the entrance to the Elizabeth Line’s Dean Street exit at Tottenham Court Road, 1 Newman Street also has a number of retail units underneath at 70/88 Oxford Street. Competitive socialising operator Boom Battle Bar has leased the entire basement space (15,600 sq ft) which will span its adventure bar and activities including Bavarian Axe Throwing. There are four further retail units available.
Richard Carson, leasing manager at GPE, said: “It’s a real achievement to have completed the leasing of the offices at 1 Newman Street, with an average void of only five months and consistently ahead of ERV. The leasing success is testament to the quality of the offices we have created and the enduring appeal of London’s vibrant West End.”
Colliers acted on behalf of GPE; Knight Frank advised AKO.
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Photo: GPE
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