In a busy week for the City of London office market, four significant transactions at two major buildings are reported.
Firstly, LondonMetric has agreed terms on c. 60% of space at its 125,000 sq ft 1 Carter Lane, EC4 development. The two companies under offer (for c. 35,000 sq ft each) are Skandinaviska Enskilda Banken (SEB), relocating from 2/6 Cannon Street, and MFS International. The headline rents are believed to be around £60 per sq ft.
Two lettings have been completed at City Point, EC2 (already home to majority occupier Simmons and Simmons) by Beacon Capital Partners. Law firms Wilkie Farr & Gallagher and Winston & Strawn have taken a total of 31,700 sq ft between them on the 27th, 29th and 30th floors. They have both signed 10-year leases with 5-year break clauses. This leaves 26,000 sq ft of space vacant though terms are believed to have been agreed with Ebiquity relocating from Royal Mint Court.