GN2, the London property agency business has been advising on a series of lettings in Central London, indicating market activity remains buoyant, particularly for the smaller units:
Mills Chody LLP has taken 493 sq ft, the ground floor at Hinde Street Properties’ 25 Manchester Square, London W1 at a rent of £66.94 sq ft ( £33,000 per annum) on a new 5 year lease with 3 months’ rent free up front.
Tenzing, the private equity firm has taken 1,843 sq. ft. on the 3rd floor at Crown House, 143-147 Regent Street, W1 at £70 per sq ft, (to include service charge) and on a three year lease, with a rolling tenant-only six month break. The landlord is The Crown Estate.
PR Agency Spreckley Partners Ltd has taken on new London premises taking 1,782 sq ft, 3rd Floor 5-9 Hatton Wall, London EC1 from landlord Midos Investments at a rent of £50 per sq ft, on a new five year lease, with seven months rent free.
Dynamo PR has sublet 1676 sq ft , 4th Floor, 158-160 North Gower Street NW1 from CC Group, at a rent of £55.00 psf ( £92,180 per annum exclusive) on a new 9 month sublease. Rent to commence day one.
Commenting on these deals, Julie Rees, Managing Partner of GN2 said, “Despite some overall market uncertainty, there is still demand from the smaller occupiers for good quality stock in central locations.”
