WeWork has signed a lease to take 52,837 sq ft representing over 30% of the whole building. This latest letting, takes 12 Hammersmith Grove to 75% let.
Elaine McCann, Associate Asset Manager, Aberdeen Standard Investments, said:
"WeWork is an excellent addition to the community of leading occupiers at 12 Hammersmith Grove and further underlines the quality of the building. We look forward to announcing further lettings in due course."
Simon Hesketh, Head of Regeneration, U+I commented:
"Hammersmith is firmly established as a hub for ambitious brands, and 12 Hammersmith Grove has further enriched this business community, setting a new benchmark for office space in West London. We are delighted with the progress we are making, and with the calibre of occupiers that the building is attracting."
Patrick Nelson, Executive Vice President of Real Estate at WeWork added:
'We have an existing 20,000 member community in London which provides us with a unique and unrivalled understanding of the requirements of start-ups and entrepreneurs, as well as growing and established corporations. We're excited to announce our expansion in West London with our latest WeWork location, in 12 Hammersmith Grove. This is our 23rd WeWork to be announced in the UK.'
Forward-funded by Aberdeen Standard Investments, 12 Hammersmith Grove provides 170,000 sq. ft. of exceptional Grade A office space over ten floors. The building, which achieved a Platinum WiredScore connectivity rating and BREEAM Excellent, benefits from fantastic views across London and outdoor space on every floor.
The development, along with its sister building 10 Hammersmith Grove, has transformed a former surface car park in Hammersmith town centre into one of the best new commercial spaces in West London.
Interest in the remaining 4th and 5th floors of the building is strong, with further deals expected to be announced shortly.
24/08/2017 20:29 by Buildington
Creative Artists Agency and Perform Media Services Limited have leased 43,664 sq. ft. of offices at 12 Hammersmith Grove, taking the building to 45% let.
Creative Artists Agency, the world’s leading full-service entertainment and sports agency, hse signed a lease to occupy 26,030 sq. ft. of space across the 8th and part 7th floor.
CAA’s staff are the real-world Jerry Maguire’s, they represent world renowned sports personalities, chart topping singers and Hollywood movie stars such as Beyoncé, Ed Sheeran, George Clooney, Cristiano Ronaldo, Tom Cruise, Will Smith and Meryl Streep.
Perform Media Services Limited, a digital sports content and media group, has taken the 6th floor, which totals 17,634 sq. ft.
Perform Group work with TV channels in countries to buy the rights to top events, such as the UEFA cup, and pioneer new ideas for global multichannel sports coverage and content including new sports OTT platforms (internet based viewing) and betting solutions.
Forward-funded by Aberdeen Asset Management, 12 Hammersmith Grove provides 170,000 sq. ft. of exceptional Grade A office space over ten floors. The building, which achieved a Platinum WiredScore connectivity rating and BREEAM Excellent, benefits from fantastic views across London and outdoor space on every floor.
Interest in the remainder of the building is strong, with further deals expected to be announced in the short term.
The first phase of the commercial development, 10 Hammersmith Grove, includes 110,000 sq. ft. of Grade A office space, which is occupied by Fox International Channels, UKTV, Accor and Philip Morris Limited, as well as extensive new public realm and three restaurant units at ground level.
Simon Hesketh, Executive Director of Regeneration, U+I commented:
“12 Hammersmith Grove is a great illustration of how a visionary development can transform a previously overlooked site. Working successfully with Aberdeen Asset Management and TfL we have delivered a new benchmark for commercial space in Hammersmith, building on the great success of 10 Hammersmith Grove.
We are delighted to have completed these lettings at number 12 enabling us to bring two more leading companies to Hammersmith Grove, and look forward to announcing further deals soon.”
Elaine McCann, Associate Asset Manager, Aberdeen Asset Management, added:
“12 Hammersmith Grove sets a new benchmark for offices in Hammersmith, providing West End quality space within this West London market. We are delighted to have attracted these two fantastic occupiers to the building.”
U+I and Aberdeen Asset Management were advised by Strutt & Parker and JLL. Savills advised CAA and Perform.
01/08/2017 17:50 by Buildington
Development Securities and Aberdeen Property Trust’s landmark 12 Hammersmith Grove reached its full height this week as a ‘topping out’ ceremony was held to mark progress at the West London office building, reports Wates.
The milestone, which has seen 12 Hammersmith Grove reach an elevation of 11 storeys, comes in the wake of data published by CBRE, which has predicted that London will need an additional 5.1m sq ft. of office space by 2019.
Wates began building work at the scheme in July last year following the completion of the neighbouring 10 Hammersmith Grove in 2013. Number 10 subsequently went on to receive the British Council for Offices (BCO) Commercial Workplace award in May this year.
Designed by Flanagan Lawrence, the new 167,000 sq ft. 12 Hammersmith Grove includes speculative Grade A office provision, retail space and additional public realm works. The development is located adjacent to Hammersmith tube station and opposite Lyric Square in the centre of Hammersmith.
The project is scheduled to reach completion early 2016 and is expected to achieve a BREEAM Excellent rating. Green employee travel will be encouraged through the installation of electric car charge points and 257 cycle racks.
Simon Hesketh, Project Director, Development Securities said: “10 Hammersmith Grove set a new benchmark for Hammersmith in terms of the quality of space that it offered. We are delighted with the end product and the building is fully let to four international companies who have added to Hammersmith’s impressive roster of blue chip, multinational brands. We look forward to continuing this success with 12 Hammersmith Grove and adding further to Hammersmith’s vibrant business community.”
Gerry Ferguson, Fund Manager of the Aberdeen Property Trust, commented: “The very successful outcome of 10 Hammersmith Grove gave us the confidence to fund number 12. As long-term property investors it is important for the fund to hold high quality buildings in core locations, which will meet occupiers’ specifications over time. This new building meets these criteria and so we anticipate strong performance from this asset.”
Source: Wates www.wates.co.uk
03/07/2015 15:04 by Buildington
Development Securities has announced that SWIP Property Trust will commit £92 million to forward-fund 12 Hammersmith Grove, the second and final phase of a 375,000 sq. ft. office-led regeneration scheme in the centre of Hammersmith. 12 Hammersmith Grove will provide 167,000 sq. ft. of grade A office space over eleven floors along with new restaurant space and additional public realm. The development will be built speculatively with construction starting this May and completion due in Q1 2016.
The first phase of the development, 10 Hammersmith Grove, was also funded by SWIP Property Trust for £50 million in October 2011. Comprising 110,000 sq. ft. of prime offices, three restaurant units and 6,000 sq. ft. of public realm, the first phase was completed in July 2013. Developed on the site of a former car park, 10 and 12 Hammersmith Grove are a significant new commercial and leisure destination in the centre of Hammersmith adjacent to the underground station.
Transport for London (TfL) own the freehold to 10 and 12 Hammersmith Grove and in 2010 established a 175-year lease agreement with Development Securities to enable the development of the office-led scheme. TfL remain a partner in the development, which has and continues to contribute to the regeneration of Hammersmith town centre, delivering much needed office space, significant retail, improved local infrastructure and 2,500 jobs.
Julian Barwick, Development Securities, said: “We are delighted to be progressing 12 Hammersmith Grove in partnership with SWIP Property Trust with whom we also developed 10 Hammersmith Grove. The appetite for premium office space in locations such as Hammersmith, on the edge of London’s traditional office core, is growing, as occupiers are increasingly price sensitive and yet still discerning with regards to quality. The supply of grade A office space in Hammersmith is otherwise very limited with 10 and 12 Hammersmith Grove providing the highest quality space in this market. We look forward to bringing the final phase of development to completion.”
Kerri Hunter, SWIP Property Trust said: “Encouraged by continued momentum in the occupier market, we’re pleased to be adding this final phase at Hammersmith Grove to the fund’s development programme. The first phase, 10 Hammersmith Grove, surpassed our expectations and we’re keen to build on its success by delivering a similarly high quality building into a market that is increasingly starved of supply.”
Anthony Bickmore, Head of Property at TfL, said: “We’re delighted to continue our partnership with Development Securities and SWIP on the regeneration of 12 Hammersmith Grove to deliver much needed office space and retail units whilst creating thousands of jobs in Hammersmith. The revenue we generate from this partnership will be reinvested back into the transport network to deliver value for money for fare and taxpayers.”
JLL, Wragge & Co and Macfarlanes acted for Development Securities. Griffiths Eccles and CMS Cameron McKenna acted for SWIPPT. JLL and Farrer & Co acted for LUL. The office leasing agents are JLL and Strutt & Parker. The leisure leasing agent is Shelley Sandzer.
03/04/2014 11:35 by Buildington
12 Hammersmith Grove - new on Buildington!
20/01/2014 12:57 by Buildington