Cardinal Place update from Landsec's latest financial update:
Second rent review cycle completed - £15m reviewed, office rents increased by 12% and retail by 19%.
Refurbished and let 81,000 sq ft at an average rent of £68 per sq ft on an average lease of 7 years.
Source: Landsec Preliminary Results 2018 for the year ended 31 March 2018 landsec.com.
15/05/2018 15:11 by Buildington
Land Securities has celebrated a 10th anniversary at Cardinal Place. They are in the second review cycle with £12m subject to review in the next 15 months.
Source: Land Securities: Half-yearly results for the six months ended 30 September 2016, landsecurities.com
16/11/2016 08:26 by Buildington
French publishing house Lagardère Group is taking the final office space at Cardinal Place, reports Montagu Evans.
31/03/2015 11:12 by Buildington
The Klesch Group, a leading European operator of industrial and commodity-related businesses, has taken the 18,450 sq ft 3rd floor at 16 Palace Street, and KPI Bridge Oil have taken 6,490 sq ft at 80 Victoria Street.
The two new tenants join a variety of blue-chip businesses including Microsoft, Experian and EDF Energy, alongside 24 retailers including Topshop, Zara and Space NK. Cardinal Place is the landmark 660,000 sq ft trio of buildings that marked the first development to complete in Land Securities’ ambitious plan to transform Victoria into the commercial heart of London’s West End.
Scott Parsons, Head of Property London, Land Securities commented:
“I’m pleased to welcome two new occupiers to Cardinal Place, our flagship development in Victoria. The success we’ve had in securing both development and investment lettings to a broad range of occupiers demonstrates the strong appeal of the Victoria market and bodes well for our development pipeline.”
Source: Land Securities 1. February 2013
04/02/2013 14:20 by Buildington
Ruffer has doubled its space to circa 45,000 sq ft and extended its lease to 2021.
Source: Land Securities
08/07/2012 15:08 by Buildington