Orchard Street Investment Management has completed a second letting at the newly refurbished 75 Farringdon Road office building.
Milberg London is taking 1,728 sq ft on the seventh floor at an average rent of £77.50 psf, on a five-year lease. The business joins existing tenant, life sciences consulting firm Blue Matter.
The scheme is close to one-fifth let, with a further four floors under offer and considerable interest from a range of prospective tenants for the remaining 9,500 sq ft of space.
The newly refurbished 25,000 sq ft building has a new floor and two new contemporary external roof terraces overlooking St Paul’s and the City of London.
The building offers access to a range of amenities, including shower rooms, bike storage and 3,000 sq ft of ‘plug and play’ fitted-out flexible workspace on the 1st floor. The ground and lower ground floors form a self-contained unit.
Jamie Mundy, Asset Manager at Orchard Street, said: “This significant refurbishment project has provided us with an excellent opportunity to deliver prime office accommodation of considerable scale, in a superb location. To have attracted such a high-quality international business as Milberg London is testament to the occupier-led focus of its design and its amenities, which take into account how and where people want to work in the future.”
James Oldnall, Managing Partner at Milberg London commented: “We were attracted to 75 Farringdon Road because it of its contemporary design, which gave us the chance to create a workspace that was right for our business and enhanced our way of working. And as a law firm, the building’s close proximity to the Courts and easy access to the centre of London was also a strong factor.”
Richard Susskind & Company and Crossland Otter Hunt acted as joint letting agents for Orchard Street. Gale Priggen acted for Milberg London.