Business
Charlotte Building Announceme
Charlotte Building Announceme.
About this update from Derwent London Plc
[{"type":"text","content":"\n RNS Number : 5770R Derwent London PLC 25 August 2010 \n\n \n \n25 August 2010\n \n \nDerwent London plc (\"Derwent London\" / \"Company\")\n \nDERWENT LONDON ANNOUNCES CHARLOTTE BUILDING, \nLONDON W1, FULLY LET\n \nDerwent London is pleased to announce that the Charlotte Building, 17 Gresse Street, London W1, is now fully let following the 7,400 sq ft (690 sq m) letting to LinkedIn Europe Ltd, an Internet platform company focussed on connecting the world's business professionals. \n \nLinkedIn has taken the entire first floor on a 10-year lease at a rent of £0.35 million per annum (£47.50 per sq ft / £510 per sq m) with an option to break after five years. They will join Converse, Unanimis, Icon Entertainment and Brandopus as tenants in the building.\n \nThe 47,000 sq ft (4,400 sq m) Charlotte Building is set over seven floors around a landscaped courtyard and is the work of architects Lifschutz Davidson Sandilands. It was completed in October 2009 and has already been recognised with two prestigious awards - the British Council for Offices award for Best Commercial Workplace in London and the South East and the Royal Institute of British Architects award for architectural excellence in London.\n \nJohn Burns, Chief Executive, Derwent London, commented:\n \n\"We are delighted to welcome another progressive company to the Charlotte Building. This new development is a good example of our design-led regeneration work, replacing an inefficient, out-dated building with exciting new offices set within attractive public realm. We are pleased that rental levels have moved forward from the initial letting and that tenant incentives have reduced. The building is located adjacent to our recent Central Cross acquisition, just to the north of Oxford Street. This is a locality in which Derwent London has major holdings and one which we have identified as offering significant growth.\"\n \n \n \n-ends-\n \n \nFor further information please contact:\n \nJohn Burns, Chief Executive, Derwent London: Tel - 020 7659 3000\nJames Rossiter, Kate Holgate, Brunswick Group: Tel - 020 7404 5959\n \n \n\n\n \n \nNotes to editors:\n \nDerwent London plc\n \nDerwent London plc is the largest central ...