Brookfield and Oxford Properties Net Schroders pre-letting.

8th January 2014
Brookfield and Oxford Properties Net Schroders pre-letting.

The trend predicted by Newton Perkins for an increased amount of pre-letting by larger London occupiers (click here to view) has been borne out by the announcement of the largest pre-letting in the City of London since 2010, by Brookfield and Oxford Properties, for one of two buildings in their joint venture development at London Wall Buildings.

The pre-let, totalling some 310,000 sq ft, was agreed between developers and British global asset management powerhouse Schroders. They will occupy the whole of 1 London Wall Buildings with a blended rent of c. £60 per sq ft thought to have been agreed.  

The development will consist of 500,000 sq ft of offices and a further 70,000 sq ft of public realm. Construction is due to begin in July 2014 with a projected completion date some time in 2016.

brookfield Office Properties Europe COO Martin Jepson said of the deal:  

“We have always believed in the long-term potential of the London office market and of our offering. 

With this new pre-let we can focus on the delivery of a new state-of-the-art office building that will complement our wider existing investment and development portfolio.”  

For further info please contact David Alcock or Chris Sutcliffe.


Browser Update Required

This website does not support your current version of Internet Explorer, Please download the recent version from one of the links provided.

Update to Google Chrome Update to Internet Edge