Mitsui Fudosan UK (‘Mitsui Fudosan’) and development partner Stanhope plc have announced two further lettings at the partnership’s 300,000 sq ft prime City office building, Angel Court. The deals completed with The Clubhouse and Redington mean the office-led scheme is now 50 per cent let, despite only completing in February of this year.
Founded in 2012, The Clubhouse, London’s leading business club, meeting and events space, has taken 12,500 sq ft of space at Angel Court, across the building’s seventh and eighth floors. The deal, which has been agreed on a 15-year lease, will see The Clubhouse make its City debut, with the brand already operating successful existing sites in Mayfair and St. James’s.
Redington, the 4th largest investment consultancy in the UK, has signed a deal to take the entire sixth floor at Angel Court, comprising 19,000 sq ft of space, on a 10-year term. Founded in 2006, this relocation forms the next step of this fast growing firm’s vision to make 100 million people financially secure.
The latest round of lettings at Angel Court follows deals already completed in April and June of this year with Bupa, UK Finance, Shanghai Pudong Development Bank, WYG and Analysis Group. A vibrant, diverse food and beverage offer has also been curated at the scheme, with popular brands Notes, Coya, The Natural Kitchen and temper having all now opened.
A hugely significant building for the City occupier market, Angel Court is one of only two towers to complete in the Square Mile this year. Boasting uninterrupted 360-degree views of the City skyline, the scheme provides high quality office space, with a range of new floorplates of up to 27,000 sq ft in a unique core location next to the Bank of England.
Commenting on the latest round of deals, Eiichiro Onozawa, Manager Director of Mitsui Fudosan (UK) Ltd, said:
“We are delighted to have reached the important milestone of 50 per cent let at Angel Court. The popularity of the building within the London occupier market is clear to see and the significant lettings achieved thus far are a testament to the quality of product and offer we have delivered with our partners at Stanhope. We look forward to welcoming both The Clubhouse and Redington to Angel Court soon.”
David Camp, Chief Executive of Stanhope plc, added:
“The unique space we have created at Angel Court continues to prove hugely popular with prospective occupiers and the resulting momentum we have managed to achieve in the lettings market is extremely pleasing. The scheme’s location, design, food and beverage offer, and attractive communal spaces hold significant appeal and we look forward with confidence to the next lettings milestone.”
Adam Blaskey, Founder and CEO of The Clubhouse said:
“With two Clubhouses in Mayfair and St James’s and driven by the needs of our members, we had been looking to expand to The City for some time. We are very excited about our move to Angel Court and look forward to working with Mitsui Fudosan and Stanhope to provide a further fantastic amenity to other occupiers of the building. The Clubhouse is at the forefront of a structural shift in the way many growing businesses are looking to ‘consume’ office space as a service. Our members span start-ups, early stage businesses and growing SMEs through to well-known blue-chip names, all of whom need a flexible and more agile meeting space solution. Now they have a superbly located base at Angel Court in addition to our locations in Mayfair and St James’s”.
Angel Court has been designed by Fletcher Priest Architects, with Waterman Group appointed as multidiscipline engineering consultants. Fletcher Priest Architects has also been appointed to design The Clubhouse at Angel Court.
GM Real Estate, Cushman & Wakefield and JLL acted for Mitsui Fudosan UK and Stanhope. Cushman & Wakefield represented The Clubhouse and Ostroumoff acted for Redington.
