Business
Lettings
Lettings.
About this update from Derwent London Plc
[{"type":"text","content":"\n RNS Number : 2718C Derwent London PLC 29 August 2008 \n \n\n3PRESS RELEASE\n\n29 August 2008\n\n\nDerwent London plc ('Derwent London' / 'Company')\n\nDERWENT LONDON LETS FURTHER SPACE AT QUBE AND \nSECURES GORDON HOUSE PRE-LET\n\nDerwent London has secured further lettings at Qube, its new office and retail development at 90 Whitfield Street, London W1, to Geronimo Communications, part of the Tribal Group plc, and Space NK Ltd, and has pre-let 15,900 sq ft (1,480 sq m) of office space at Gordon House, Francis Street, London, SW1 to The Benefit Express Ltd.\n\nTribal, a leading provider of consultancy services to the public sector, has taken 12,150 sq ft (1,130 sq m), on the third floor of the building. The tenant has taken the space on a 10 year lease at a rent of £58.00 per sq ft (£624 per sq m), equating to £705,000 per annum, rising to a minimum of £60.00 per sq ft on first review. The tenant has an option to break at year five and has been granted a six month rent free period. \n\nIn addition, Space NK, a leading contemporary beauty product store, has taken 1,270 sq ft (120 sq m) in a ground floor retail unit fronting Tottenham Court Road. The tenant has taken a new 10 year lease at a base rent of £50,000 per annum plus an additional turnover rent with a personal option to break at year five.\n\nWith lettings also secured to advertising company, Aegis Media, and sushi restaurant chain, itsu, earlier in the year, approximately a third of Qube is now let. \n\nIn the latest of a series of pre-lets for the Company, The Benefit Express, an HR solutions firm, has taken 15,900 sq ft (1,480 sq m) of office accommodation at Gordon House, SW1, part of the 127,300 sq ft (11,800 sq m) multi-let Greencoat and Gordon House office complex. The space comprises the fully refurbished third and fourth floors and the newly constructed fifth floor penthouse suite. The lease is f...