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13 Fitzroy Street office building.

13 Fitzroy Street office building.

1.12.2012
Arup's modern headquarters at 13 Fitzroy Street in 2012.

Arup's modern headquarters at 13 Fitzroy Street in 2012.

1.12.2012
13 Fitzroy Street office building in Fitzrovia, London W1.

13 Fitzroy Street office building in Fitzrovia, London W1.

1.12.2012
Entrance to Arup HQ on 13 Fitzroy Street in 2010

Entrance to Arup HQ on 13 Fitzroy Street in 2010

11. October 2010
13 Fitzroy Street in Fitzrovia, London W1.

13 Fitzroy Street in Fitzrovia, London W1.

11. October 2010

13 Fitzroy Street

Address:
13 Fitzroy Street, London W1T 4BQ
Type:
Commercial
Completion:
2005
Area:
10,210 m2
Viewed:
2969

Description of 13 Fitzroy Street

13 Fitzroy Street is an office building in Fitzrovia, London W1.

Arup headquarters.

The Sheppard Robson designed building had to encompass sustainability, suitable for one of the most innovative engineering practices in the world.

The building is situated in a sought-after location, boasting excellent transport links with Goodge Street station on the Northern Line within a short walking distance.

Connected Companies

Architect:

News: (1)

Allsop’s leading West End Investment team acted on behalf of Workspace Group in its acquisition of 13-17 Fitzroy Street.

Workspace Group has signed an option agreement for the right to acquire the freehold for £98.5m, from Arup, the owner and occupier of the office building. The option is expected to be exercised on 25 March 2017.

Workspace will be acquiring the building at a capital value of £1,063 per sq. ft. with an initial net yield of 4.6%.

The 92,700 sq. ft. building is let to Arup until September 2022 at an annual rent of £4.9m (£53 per sq. ft.), rising to £6.0m (£65 per sq. ft.) from March 2021.

Arup will be relocating from the building with the lease providing for their early exit from September 2020 with a rolling nine-month break option. Workspace will then look to reposition the building as a multi-let business centre.

Piers Glover, Partner, Commercial West End Investment at Allsop, commented: “13-17 Fitzroy Street is a prime West End office building situated in one of London’s most vibrant ‘villages’; the size of the building & its future potential means it is ideally suited to Workspace’s flexible office space business model, making the acquisition very exciting for Workspace. The deal underpins the confidence of domestic capital in London & the West End real estate market.”

03/03/2017 17:20 by Buildington

*DISCLAIMER! Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.

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