Newton Perkins' Spring Action
NP has had a pronounced spring in
the step during early 2013. This
reflects an uptick amongst occupier sentiment underpinning greater confidence
amongst City landlords and funders.
Headline transaction was the 50,000
sq ft pre-letting for Liberty Mutual in 20 Fenchurch Street of levels 10-12.
Similarly, US software company
GoldenSource will be enjoying views of the north city from their new 11th
floor Broadgate West HQ.
For Schroder, we have
orchestrated the pre-letting to Qbic Hotels of a new 56,000 sq ft hotel in
Challenger House, Adler Street, E1.
More successful lettings have
been achieved in 50 Mark Lane, 60 Fenchurch Street, 78 Leadenhall Street and
Fountain House in Fenchurch Street.
A significant new letting mandate
has been won from Brookfield for their redevelopment of Leadenhall Court
(currently 104,000 sq ft). Other new instructions include 10 Lloyds Avenue
where lettings of two floors and renewals have already been agreed for GE
Occupiers on the move include HNG
Securities (6 Broad Street Place, EC2) and Walton & Parkinson to America
House, 2 America Square.
Several occupiers will be staying
put but on better terms by virtue of NP’s advice. These include BMS Group at
its 60,000 sq ft headquarters in 1 America Square, Sagicor in 1 Gt Tower St
(20,000 sq ft) and Royal London Group at 55 Gracechurch St (30,000 sq ft). Quantity surveyors
Watts will remain at Great Tower St whilst solicitors Cooke Keidan Young have
expanded and extended their occupation in Cannon Street.
For further information or discussion please contact David Alcock or Chris Sutcliffe.
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