1 Soho Place
First Office Pre-Let

First Office Pre-Let

04/05/2019 by Buildington
 
New occupier

Derwent London has pre-let the top six floors of 1 Soho Place W1 to G-Research, the financial data research and software development company.

G-Research will take 102,600 sq ft of offices, which represents 53% of the office space in this building, or 42% of the commercial space in the entire development including 2 Soho Place.

G-Research has committed to a 15-year lease at a rent of £9.7m pa, with five-year rent reviews, no breaks and incentives in line with our other recent lettings.

Completion of the AHMM-designed scheme is expected in the first half of 2022.

John Burns, Chief Executive of Derwent London, commented: “We are delighted to have secured our first major pre-let at Soho Place at such an early stage to a growing leading-edge business. The pre-letting reflects the quality of our product, the site’s attractions and London’s continuing appeal. Adding this transaction to our successes at Brunel Building W2 and 80 Charlotte Street W1 takes our current pre-let space to over 650,000 sq ft representing £48m of additional rental income.”

Cushman & Wakefield, Knight Frank and JLL acted for Derwent London.
Knight Frank Occupier Team acted for G-Research.

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