27/02/2015 by Buildington
The Co-operative Bank’s £1.2m pa lease on the whole building was due to expire and Derwent London has granted the sub-tenant Barts Health NHS Trust a five-year lease on the five lower floors (60,000 sq ft) at a rent inclusive of the service charge of £1.5m pa.
The Co-op now occupies the three upper floors (36,600 sq ft) on a lease that will break later in 2015.
This property is now held in the joint venture with LaSalle Investment Management.
Source: Derwent London Annual Results for 2014