LONDON (dpa-AFX) - Derwent London plc (DLN.L) announced it has pre-let most of the remaining office space at 80 Charlotte Street W1 to The Boston Consulting Group. BCG will take the top 5th to 8th floors comprising 123,500 sq ft on a fifteen-year lease with five-year rent reviews and an option to break after twelve years subject to a penalty.
The Group also reported that Arup Group has now committed to take a further 19,800 sq ft on the 4th floor, a twenty-year lease. Arup has also relinquished its option to take the remaining space on the floor.
The 80 Charlotte Street development campus totals 380,000 sq ft in three buildings and construction is due for completion at the end of 2019. 80 Charlotte Street is the largest building at 323,000 sq ft. The two other buildings total 12,000 sq ft of offices and 45,000 sq ft of residential space. Following the latest announcement, a minimum 83% of the total commercial element is pre-let with BCG having the right to occupy another 13%.
Copyright RTT News/dpa-AFX