Marble Arch House
04/08/2014 by Buildington

British Land has completed its third letting at Marble Arch House with NERA Economic Consulting due to occupy the 11,500 sq ft third floor of the building.

NERA, which operates from 25 offices worldwide, is relocating its London office from 15 Stratford Place. The company has signed a ten year lease at Marble Arch House at £72.50 per sq ft.

The deal comes just weeks after British Land announced that US industrial group Access Industries will occupy the building's 4,500 sq ft sixth floor. Fulcrum Asset Management was the first occupier to sign at the redeveloped building, agreeing terms on the 9,000 sq ft fifth floor in May.

British Land entered into an agreement with The Portman Estate to purchase and redevelop Marble Arch House in 2011. The scheme, designed by Bennetts Associates Architects, comprises 61,200 sq ft of office space and 15,000 sq ft of retail space. It is adjacent to ten luxury residential apartments built behind the retained period Victorian facade of 62-64 Seymour Street, which have already all been sold.

James Danby, Head of Office Leasing at British Land, said: "Having launched the space in the spring, the leasing programme has gathered real momentum with three significant deals completed in as many months. The building is close to being 50 per cent let already, but it is the calibre of the occupiers we have secured, such as NERA Economic Consulting, that is most pleasing. We continue to see high levels of interest reflecting the building's excellent design and location."

CBRE and Cushman & Wakefield advised British Land. Levy Real Estate advised NERA Economic Consulting.

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