Business
Derwent London attracts new l
Derwent London attracts new l.
About this update from Derwent London Plc
[{"type":"text","content":"\n RNS Number : 6958I Derwent London PLC 17 March 2010 \n \n\n3PRESS RELEASE\n \n17th March 2010\n \n \nDerwent London plc (\"Derwent London\" / \"Company\")\n \nDERWENT LONDON ATTRACTS NEW LETTINGS OF\n£0.9 MILLION PER ANNUM AT THE CHARLOTTE BUILDING\n \nDerwent London has secured two further lettings totalling 19,900 sq ft (1,850 sq m) at its new flagship Charlotte Building, 17 Gresse Street, London W1.\n \nRenowned shoe designers Converse (part of Nike Inc.) has taken 14,900 sq ft (1,380 sq m) on the second and third floors, whilst the brand and packaging design specialist Brandopus will occupy the ground floor, totalling 5,000 sq ft (470 sq m).\n \nConverse has taken a 10.5 year lease at £0.65 million per annum (£44 per sq ft / £474 per sq m), with an option to break after five and a half years.\n \nBrandopus will pay a rent of £0.22 million per annum (£43.75 per sq ft / £471 per sq m) on a 10 year lease with an option to break after six years.\n \nThe two companies will join existing tenants Unanimis and Icon Entertainment at the Charlotte Building. Today's announcement means six out of the seven floors, totalling 84% of the floor area, are now let.\n \nSet around a landscaped courtyard, the building is the work of award-winning architects Lifschutz Davidson Sandilands and is strategically located in the heart of the West End, immediately to the north of Oxford Street.\n \nJohn Burns, Chief Executive, Derwent London, said:\n\"We are delighted to welcome these tenants to the Charlotte Building. We take great pride in our design-led approach to development and the signing of Converse and Brandopus is evidence of our continued success. Although only completed in October last year, the vast majority of the space is now let, reflecting the continued demand from tenants for our high quality yet affordable central London space.\"\n \n-ends-\n \nFor further information please contact:\n \nJohn Burns, Chief Executive, Derwent London: Tel - 020 7659 3000\n \nJames Rossiter, Kate Holgate, Brunswick Group: Tel - 020 7404 5959\n \n \nNotes to editors:\n \nDerwent London plc\n \nDerwent London plc is the largest central London focussed REIT with an investment portfolio of £1.9 billion comprising 5.1 million square feet as at 31 Dece...