Avison Young has advised Egress Software on the acquisition of a new lease at Derwent London’s White Collar Factory on Old Street Roundabout, London.
The technology company has taken a new 10-year lease of 6,730 sq ft (625 sq m) on the 12th floor of the 237,000 sq ft (22,917 sq m) office building, at a rent of £67.50 per sq ft (726.58 per sq m). The lease has a five-year break.
Nick Rock, Principal of Avison Young, Central London Offices, comments: “Our client has taken the last available space in this popular building, located in the heart of Tech City. Surrounded by Shoreditch, Hoxton and Clerkenwell, the area is home to an eclectic mix of entrepreneurial start-ups and established technology companies.”
Derwent London was advised by Plicher Hersham, Colliers and Cushman & Wakefield.
Maseco Private Wealth, also advised by Avison Young, has acquired an additional 3,300 sq ft (307 sq m) of office space at Burleigh House on the Strand, London WC2 from Legal & General.
The additional space has doubled Maseco’s occupancy at Burleigh House. The company now has two floors totalling 6,600 sq ft (613 sq m). Avison Young also advised on the regearing on the existing space taking a new lease which expires in 2022.
Legal & General was advised by Farebrother.
