A 150,000 sq ft office property at 150 Cheapside, EC2, has seen a flurry of activity with four new tenants signing up for lease terms in a single week.
150 Cheapside, owned by St Martins Properties is based opposite St Paul’s Cathedral is a new grade A landmark office development offering just under 180,000 sq ft of office space over eight floors and has been awarded a rating of BREEAM ‘Excellent’.
Finsbury PR, a financial, political and regulatory communications agency, has taken 11,000 sq ft of office space on the eighth floor. Oriel Securities, corporate and institutional stock broking and advisory firm, take 18,000 sq ft of space on the seventh floor.
Ignis Asset Management, a merger of Resolution Asset Management and Axial Investment Management, has taken 30,000 sq ft of office space on the third and fourth floors on a 15-year lease and a rent-free period of around two years. Chartis Insurance, a division of AIG, will take the most space, with around 46,000 sq ft of office space over the fifth and sixth floors under similar lease terms.
All tenants are expected to pay the same rate of £52.50 per sq ft in the nearly fully-occupied building. St Martins were advised by CB Richard Ellis.