10 Fleet Place
New letting

New letting

09/11/2021 by Buildington

Addington Capital has let the top ninth floor of 10 Fleet Place to Interpath Advisory.

Interpath is taking 13,913 sq ft of office space on a 10-year lease, with an option to break after 5 years. The space will become Interpath’s UK headquarters, and be home to its 250-strong London-based team. The independent financial advisory business was founded in 2021 following the sale of KPMG’s UK Restructuring business to H.I.G. Capital. Interpath joins other blue-chip tenants in the building including Mott MacDonald, the global engineering consultancy and CNBC, recently acquired by Comcast and Verizon Group.

The agents were Ingleby Trice for the landlord and Cushman & Wakefield for the tenant.

The letting follows substantial refurbishment and capex improvements at 10 Fleet Place in the first six months of 2021, including a contemporary CAT A finish, reception upgrade and conversion of the basement area to create male and female changing rooms, including 17 showers and 167 tenant lockers. Planning consent has been achieved to create new secure bike storage facilities, delivering 167 covered bike parking racks including electric charging points, which are all BCO compliant. The works also include new external signage and lighting around key entrance points to the building.

Blair Nimmo, chief executive of Interpath Advisory, commented: “In hunting for our new UK headquarters, we were looking for a building which could deliver a state-of-the-art, flexible working environment, right in the heart of the City, where collaboration and innovation can flourish. At 10 Fleet Place, we have found exactly that. We look forward to welcoming our people and our clients to our new home later in the Spring.”

David Dalrymple, Partner at Addington Capital added: “We have invested during the pandemic to vastly improve the internal finishes and amenities at 10 Fleet Place and the changes we are making have made the building significantly more attractive to occupiers. Feedback so far has been very positive.

“Our investment appears to be paying off. We are delighted to secure this letting to Interpath and are looking forward to attracting further high calibre tenants to the building.”

Ingleby Trice will continue to market the building at a rental level of around £69.50 psf. Up to 60,000 sq. ft of CAT A office and 2,905 sq. ft of ground floor retail space is currently available to let.

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