LaSalle Investment Management has confirmed it has secured two new leases at Farringdon Place, EC1.
Karma Communications and AMEC Plc have both agreed to lease office space in the City of London.
LaSalle Investment Management has made a strong start to the year by securing two new tenants for its office space development in Farringdon, EC1.
According to reports, the creative agency Karma Communications Group, whose clients include Nintendo and Coca Cola, and business consultancy firm AMEC Plc have both agreed to lease space at Farringdon Place. Between them the pair will lease more than 65,000 sq ft of newly refurbished office space in one of the City’s most prestigious locations.
Represented by BDG Sparkes Porter, the Karma Communications Group has agreed to rent just over 32,000 sq ft on the first floor of 20 Farringdon Place on a 10 year lease, while AMEC Plc will take just over 32,000 sq ft of space on the second floor.
During the negotiations Cushman & Wakefield represented AMEC Plc, while Jones Lang LaSalle and Farebrother acted as joint letting agents for the property.
Commenting the appeal of Farringdon Place, Head of Business Space at Jones Lang LaSalle Gary Player said: “20 Farringdon Road is the largest and most prominent building adjacent to the new Eastern Crossrail Station. By 2018, the station will be a hub for an extra 1.5 million people within a 45 minute commute. Our Asset Management Strategy for the building has been the right one.”
The lettings news comes after LaSalle Investment Management announced they had teamed up with Quantum Global Real Estate to form a joint venture earlier this month. The partnership will combine their respective experience to invest in large real estate assets around the globe, including those in the UK and the US.
Commenting on the joint venture LaSalle’s global SEO Jeff Jacobson said: “This is an exciting partnership and one that illustrates LaSalle’s client-oriented culture which dictates that we find creative, and often tailored and pre-specified, opportunities to meet the needs of emerging investors such as Central Banks and Sovereign Wealth Funds. The venture gives us access to capital that can be quickly deployed in large real estate assets, something which we believe to be of strategic importance in today’s real estate investment environment.”