GVA's West End Office Agency team have been instructed as letting agents for Park House, joining current agents CBRE and Knight Frank. The building in Mayfair has 140,000 sq ft of vacant offices.
GVA will bring specialist West End experience and exposure to the Wealth Management sector to this project to secure new lettings. In addition, the client has embarked on a new letting campaign to reposition the building in the market, which includes the introduction of split floors and a lower rent from £85 per sq ft.
Patrick Morrissey helped to secure the instruction through his relationship with REM, who also asset manage The Shard.
Patrick O’Keeffe, Senior Director and Head of Central London Agency and Investment, commented: “We’re delighted to be appointed on Park House. As London’s leading Mayfair specialist in office agency we know this scheme and its surrounds very well indeed. With our unrivalled occupier contacts and expertise, we have identified a series of benefits this scheme offers to attract core market investors. Its market resilience will future proof interested businesses; offers from £85 per sq ft will present huge value; its flexible floorplates will attract a wider audience; and its location at the heart of London’s Wealth Management district is a significant pull to core occupiers.”
Source: GVA www.gva.co.uk