15/11/2017 by Buildington
Great Portland Estates has successfully completed 55 Wells Street delivering 37,300 sq ft of well-specified office and restaurant space in an attractive Fitzrovia location.
The 4,500 sq ft restaurant unit was pre-let to Ottolenghi in June 2017. Early interest in the 32,800 sq ft of Grade A office space is said to be encouraging and is expected to let on a floor-by-floor basis. The ERV of the office space was £2.6 million at 30 September 2017 and the scheme profit on cost was 15.8%.
Via Great Portland Estates plc results for the six months ended 30 September 2017 gpe.co.uk; published 15.11.2017.