British Land has let 6,500 sq ft to investment management company Independent Franchise Partners LLP at 10 Portman Square. The company will occupy part of the first floor of the building.
Independent Franchise Partners will join asset management firm Arrowgrass, which signed to occupy the 18,534 sq ft third floor in May. The building is also home to Aramco and Aspect Capital.
The latest deal means 10 Portman Square, which provides 113,700 sq ft of Grade A office space over seven floors, is just over 75% let. The building, completed last year, was part of British Land’s 2010 Development Programme comprising 2.7 million sq ft, of which circa 820,000 sq ft has been delivered in the West End. The 2010 Development Programme is now 78% let or under offer.
James Danby, Head of Office Leasing, British Land, said: "Demand for office space at 10 Portman Square has been very strong since we launched the building a year ago, owing to the exceptional design and its location, just a stone’s throw from Mayfair. We are naturally very pleased to have let space to Independent Franchise Partners and we look forward to welcoming them to the building."
Jones Lang LaSalle and Knight Frank represented British Land. GN2 represented Independent Franchise Partners.
For more information on 10 Portman Square visit www.10portmansquare.com
Source: British Land 01.08.2014