Cadogan has announced a major office letting at its landmark development ‘131 Sloane Street’ to global alternative asset management group, Marshall Wace.
Marshall Wace will be the development’s single office occupier, taking 43,000 sq ft across 5 floors. Possession will be taken upon the development’s completion in late 2015, when they will move from current offices in WC2.
Hugh Seaborn, Chief Executive of Cadogan said, “We had significant interest in the office space at 131 Sloane Street well ahead of marketing. This reflects the strength of demand across London and increasing desire for businesses to provide a great lifestyle location for their staff. We have further new and refurbished office space completing in 2015 and are very optimistic for the office market in Chelsea.”
131 Sloane Street spans over 100,000 ft2 (9,290 m2) in total and is situated towards the Sloane Square end of the street, opposite luxury flagship stores such as Chloe and Emilia Wickstead and near to the Royal Court Theatre and Saatchi Gallery. Award-winning architects Stiff + Trevillion have designed a stunning building to complement the historical significance and elegance of Sloane Street while offering cutting-edge, contemporary space for office and retail occupiers. Aside from the 5 floors of BREEAM ‘excellent’ rated office space, it comprises 3 floors of retail (33,000 ft2) - 6 new flagship retail stores on Sloane Street with further artisan retail space to the rear on Pavilion Road, set to become a new ‘village heart’ for Chelsea with independent food specialists such as a local butcher, baker, deli, cheese shop or wine merchant. At the heart of the development is an open-air courtyard, inspired by Corso Como in Milan and set to become a lush green space housing a new neighbourhood restaurant.
The development is part of Cadogan’s long-term vision for Sloane Street. A multi-million pound programme of initiatives to enhance the destination is underway and due for completion in 2020.