A new address in the Mayfair area of the capital, 67 Grosvenor Street, will provide serviced and virtual offices, in addition to meeting room and lounge facilities.
The property, owned by international property company Grosvenor, is newly refurbished and intended to offer modern, high-tech office space in an established, desirable location. Dating back to 1723, the building originally served as two townhouses. Following the renovation it is 6 stories of open plan office space, overlooking private gardens.
The complex has been designed with small businesses in mind and provides modern, soft furnished areas ideal for informal meetings. A virtual office service also gives start-up companies and businesses looking to enter the London market the opportunity to hold a prestigious London address at a fraction of the cost of a standard office.
This is particularly important in the current financial climate as London, which recently regained its crown as the costliest place to lease office space on the planet, has seen increasing demand and spiralling letting prices as a result of a lack of new office construction in the recovering market.
Peter Allport, CEO Executive Offices Group stated” “The high level of pre-let office space achieved at 67 Grosvenor Street is testament to the demand for high quality, flexible office space in the capital. Serviced offices offer businesses a prestigious office address on a cost effective, flexible basis.”
Lauren Buck, Investment Director at Grosvenor, added: “Serviced offices are a key growth area for our portfolio, illustrated by the level of interest already shown in the launch of 67 Grosvenor Street, with 20% pre-let.”