Tudor House
Fully let

Fully let

22/10/2021 by Buildington
Lothbury Investment Management Limited has let the entire building within two months of practical completion.

All four office floors were let in their entirety to financial wellbeing technology business, Wagestream. Launched in 2018 and part-owned by the UK’s leading financial charities, the company now has over 100 employees and growing teams in the UK, Spain, Australia and the United States; the new Fitzrovia office will serve as Wagestream’s main workspace for London and UK-based staff.

Jonathan Strong, Asset Manager for Lothbury Investment Management commented: “Tudor House is a landmark building and a very high-quality refurbishment. We are delighted to have completed a letting of the whole building within just two months of practical completion, which demonstrates that, even in the current challenging London office market, demand remains strong for ‘best in class’ accommodation.

“Lothbury is fully committed to building sustainable assets. The transformation of Tudor House has been exceptional, and we are pleased to have achieved BREEAM ‘Very Good’ in this refurbishment, particularly as this is a period building. This underlines the Fund’s commitment to achieving our sustainability aims by improving existing core portfolio assets and sustainably developing active portfolio properties.”

The building has achieved a BREEAM ‘Very Good’ rating following the comprehensive refurbishment.

The reconfiguration and rationalisation works added about 100 sq ft NIA to the building.

Each floor was finished in a “media style” and fitted with a new exposed VRF air conditioning system, supply and extract ventilation, LED lighting with daylight and PIR controls and engineered wood flooring.

The office entrance and common areas were redecorated in a clean, contemporary style that subtly references the building’s Art-Deco heritage. On the roof terrace, new furniture, lighting and planting have provided an enhanced recreational area for tenants.

Lothbury achieved net-zero carbon certification in construction on Tudor House by offsetting 85 tonnes of CO2 to an independently certified Gold Standard.

Photovoltaic cells were installed on Tudor House to provide a minimum of 10% renewable contribution, whilst low energy use fixtures and fittings were fitted to improve the building’s EPC rating. A cycle storage area with racks for eight bicycles was installed to encourage exercise and help reduce congestion and emissions.
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