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Aon agrees to take 10 floors in the ‘Cheesegrater’

Filed under: News — Tags: Aon office space, Aon to lease office space in the Cheesegrater, British Land, Cheesegrater office space, Derwent London, leadenhall building, London office space — Amy Edwards @ 9:17 am

Aon has agreed to pre-let 10 floors in the new Leadenhall Building in London.

The risk management company will lease close to 200,000 sq ft in the City’s new ‘Cheesegrater’.

The risk management company Aon has agreed to pre-let nearly 200,000 sq ft of office space in the City’s new Leadenhall Building. As part of a deal with the property owners British Land and Oxford Properties, Aon will lease 10 floors out a possible 47 when the building is completed in 2014.

Located at 122 Leadenhall Street, the new Leadenhall Building has been designed by Richard Rogers and has been dubbed the ‘Cheesegrater’ thanks to its unusual design. Measuring in at 736 ft tall, the Leadenhall Building will become one of the London’s most iconic office space buildings behind the Shard and the ‘Gherkin’ once it’s completed (more…)

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Derwent’s £105m Old Street expansion plan clears planners

Filed under: News — Tags: Derwent London, London office space, London offices, Silicon Roundabout — Kevin @ 11:30 am

Derwent London have planning permission granted for their £105m expansion plan in Old Street, London.

The London-based company has gained approval for the £105m office development hub which will house 289,00 square feet of office space.

Derwent London has been granted planning permission for a 16-storey office block and associated developments by Old Street Roundabout in the City of London Borders.

The 289,000 square foot redevelopment of the City Road Estate site includes 271,000 square feet of office space, 10,000 square feet of retail and 8,000 square foot of private residential accommodation.

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West End office space demand attributed to Derwent London’s strong performance results

Filed under: News — Tags: Derwent London, Derwent London H1 results 2011, Derwent London West End office space, London office space, Real Estate Investment Trust, West End office space — Amy Edwards @ 9:44 am

Derwent London say demand for office space in the West End has helped them post strong half yearly results.

Although on track to meet their end of the year forecast, the company says the next six months could be shaky for the UK commercial property market as a whole.

Increased demand for West End office space has helped Derwent London to achieve 10% NAV growth in the first six months of 2011.

The London Real Estate Investment Trust has managed to increase its net asset value by 10% to equal 1621 pence per share and says it feels confident it can hit its targets of 1726 pence per share by the end of the year. The firm says that unlike other parts of the capital, demand for office space has failed to slow down in the West End. (more…)

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Derwent lease two new London offices

Filed under: News — Tags: commercial properties in London, commercial property developments, Derwent London, Keyhaven Capital Partners, London office space, refurbished office spcae, RIBA London awards, Sage (UK), Uk Office Space — Lee Kozlowski @ 10:06 am

Central London offices leased by Derwent.

Derwent office space lease to two new clients.

Derwent‘s has attracted two new tenants to its office space in the heart of Central London. The buildings have recently won awards for the refurbishment that they underwent. Both of Derwent’s properties, the Angel building and Fitzroy+Maple, have won a RIBA London award this year and the Angel has scooped a BCO London award.

The first client to take office space was Sage (UK) Limited, the company has taken out a lease for 12,500 square feet of commercial offices in the Angel Building. The firm have take a long term 10 year lease agreement with a break available at 5.5 years for the rate of £42 per square foot. The Angel Building is now close to full occupancy with some smaller office space still available. During negotiations Sage were represented by CB Richard Ellis, DTZ, H2SO and Pilcher Hershman. (more…)

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Derwent office plans rejected by Camden Council

Filed under: News — Tags: Charlotte Street offices, commercial office space in the UK, Derwent London, Derwent office developments, London office space, Uk Office Space — Lee Kozlowski @ 10:22 am

Derwent London plans rejected for Camden office space.

Office development plans refused planning permission in London.

Derwent London has had its plans to redevelop the Saatchi office block refused. The building is located at Charlotte Street in Camden. The plans were rejected by Camden Council because they failed to meet the requirements and standards of the council’s planning policies.

The majority of the committee was against the planning proposals with eight votes to three rejecting the project. Derwent’s proposal included expanding the office floorspace from its current 25,000 square feet to 40,000 square feet. To do so the company planned to knock down the local pub ‘The Pregnant Man‘. (more…)

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BCO award goes to London’s Angel Building

Filed under: News — Tags: BCO award, Clerkenwell office space, Derwent London, London commercial property, London office space, recycled office space, refurbished office space, Uk Office Space — Lee Kozlowski @ 10:57 am

Angel Building wins BCO award.

London commercial property wins refurbished office award.

The Angel Building has won the Refurbished/Recycled Workplace award from BCO. The award was given to the building’s developers after their successful work transforming the building from its original state in the 1980s.

The offices are located in Clerkenwell and have long been considered one of London’s finest workplaces. The awards were given out last week during an event at the Marriott Grosvenor Square. Various offices across London and the South East were judged to find the best workspaces in the area with the Angel Building scooping the best Recycled/Refurbished award. (more…)

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Property developer Derwent London announce plans for construction of London office space

Filed under: News — Tags: Clerkenwell, Derwent London, developments, London office space, new construction, Turnmills — Amy Edwards @ 8:54 am

Derwent London, property development firm and office landlord, have announced plans to build two new office blocks in London for 2011 to fulfil shortage of space and increasing demand in the city.

The firm had identified a significant gap in the London market in its interim results and have confirmed that two office blocks, bringing over 300,000 sq ft of grade A office space, will be developed.

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Derwent London says business has picked up

Filed under: News — Tags: city, Derwent London, london, London office space, London offices, office space, recession, UK commercial property, West End — Krista Harrison @ 11:12 am

West End and City office space landlord Derwent London has reported a sharp pick-up in business this week.

The firm, who owns office property in the City and West End areas of London, announced a 9.8% rise in the value of its property portfolio over the last half of 2009. The figures partly offset the 12.3% drop in the first half of 2009, which left the portfolio down 3.3% for the whole of 2009. Derwent had previously reported losses of £34.9 million for 2009, which was an improvement on the £606.5 million in 2008. Property values in 2008 had also dropped by 22.1%. (more…)

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