Property investment firm Threadneedle Property Investments have announced the signing of three brand new leases at 85 Newman Street in London’s West End.
The new tenants they have signed will help Threadneedle obtain an increase in rental income by £258,000.
Marketing information service provider Warc agreed on the lower and ground floor offices, a total of 4,408 sq ft, for five years. They will pay an annual rent of £83,695. Phil McIntyre Entertainments took a ten year least on 1,924 sq ft on the third floor, reportedly paying£83,695. Pleasurerealm will take the fifth floor for £64,047 on a ten year year for 1,924 sq ft.
Threadneedle were represented by Savills and DTZ during the lease signings. Associate director of Savills, Mark Gilbart-Smith said, “These three lettings highlight the strong level of demand for good quality, well located office space in central London.”