Another strong quarter for Newton Perkins in the City of London office market is underscored by its placing in 5th position in Estates Gazette’s quarterly review of London letting activity, following on from having placed 4th in Q1.
Newton Perkins acted on a total of 16 transactions totalling over 96,000 sq ft in the period between April and June, capturing a 12% share of the City of London office space market and competing strongly against such heavy-hitters as CBRE, JLL and Cushman and Wakefield.
The pick of the deals was at 21 Lime Street, EC3. Acting on behalf of a joint venture between the City of London and Aldgate Developments, Newton Perkins let the whole of the 31,000 sq ft building to Antares, a leading underwriting firm who were also represented by our tenant advisory team. The deal highlights the continuing significance of the Lime Street area for insurance firms. We have subsequently been instructed by Antares to sub-let part of the space on the 4th, 5th and 6th floors.
On behalf of Aviva Investors, c. 25,000 sq ft was let to serviced office operator The Space at Irongate, EC3, as a self-contained building. The contemporary refurbishment will be offered as part of The Space’s range of high-quality serviced office centres.
A further 45,000 sq ft was also let on behalf of Aviva Investors at Fountain House, 130 Fenchurch Street EC3. A diverse range of occupiers including technology firms Yoti and PRGX as well as Sir Robert McAlpine have found new homes.
Further lettings were also completed on behalf of THRE at the Hallmark Building, 52-56 Leadenhall Street EC3, where Aioi Nissay Dowa have occupied the whole of the 7th floor, comprising 12,600 sq ft in a prestigious, newly refurbished building; and on behalf of Lasalle Investment Management 11,600 sq ft was let at Old Change House, 128 Queen Victoria Street, EC4 to Walker Cripps.