Business
Derwent London, Gresse Street
Derwent London, Gresse Street.
About this update from Derwent London Plc
[{"type":"text","content":"\n RNS Number : 7556A Derwent London PLC 14 October 2009 \n \n\n14 October 2009\nDerwent London plc (\"Derwent London\" / \"Company\")\nDerwent London secures Gresse Street pre-let\nCorrection\nFurther to the announcement released today at 9am, RNS Number: 7208A, a correction has made to the third sentence of the third paragraph which originally read: \"The tenant has an option to break in December 2013.\" \nThis now reads as follows: \"The tenant has an option to break in December 2014.\"\nThe remainder of the RNS statement remains unchanged. The entirety of the revised statement for sake of clarity is as follows:\n\n14 October 2009\nDerwent London plc (\"Derwent London\" / \"Company\")\nDerwent London secures Gresse Street pre-let\nDerwent London has secured a 13,093 sq ft (1,216 sq m) pre-let at the Charlotte Building, 17 Gresse Street, London, W1 to Unanimis Consulting Limited (\"Unanimis\"), one of London's largest digital advertising networks.\nUnanimis will take the top two floors of the seven-storey, 47,000 sq ft (4,400 sq m) Charlotte Building on a 10-year lease at £578,451 per annum.\nThe rent on the sixth floor is £45 per sq ft (£484 per sq m) and £43.50 per sq ft (£468 per sq m) on the fifth floor. These levels are in line with the June valuation. The tenant has an option to break in December 2014. An initial rent free period equivalent to 12 months rent was granted with an additional 10 months if the break is not exercised.\nThe letting is in advance of the property's launch at the end of the month and the remaining five floors of this new contemporary building, set around a landscaped courtyard, are attracting letting interest.\nThe Charlotte Building together with properties in nearby Fitzrovia, are in a strategically important area of the West End for Derwent London, where its holdings total over one million sq ft.. Future plans include the refurbishment and redevelopment of existing buildings and investment in local services to regenerate this improving London village.\nJohn Burns, Chief Executive, Derwent London, said:\n\"We are pleased to have achieved a pre-let in the Charlotte Building to Unanimis, part of Orange France Telecom. The...