Astrea Asset Management Ltd has appointed Savills as letting agent at 206 Marylebone Road, London NW1 jointly with Edward Charles & Partners.
The 135,000 sq ft (12,541m2) building, purpose-built as a headquarters building for NCR (National Cash Registers) in the 1930’s, is to undergo a comprehensive refurbishment to reinstate the office building into its former glory, whilst being fit for modern-day occupiers. The works, expected to complete mid-2021, will be to a Grade A specification in a style commensurate with the heritage of the building, including a new and prominent reception plus significant outside/ amenity space.
Ed Betts, co-head of the West End office agency team at Savills, commented: “206 Marylebone Road is in a prime spot close to Marylebone High Street and Marylebone Station. With its significant footprint and innate character, it will be an ideal new HQ for all occupier groups at a discount to core West End rents.”
Jamie Shuttle, at Edward Charles, added: “The building will bring great opportunity into an undersupplied sub-market; one which has always had an acute lack of authentic, architecturally led space.”
Tim Weston, asset manager at Astrea Asset Management, said: “206 Marylebone Road is full of heritage and character, prominently located opposite Marylebone Station and benefiting from great natural light. With Buckley Gray Yeoman as the appointed architect working alongside Savills and Edward Charles, we look forward to creating a building that will appeal to modern-day occupiers”