The Great Wigmore Partnership, a 50:50 joint venture between Great Portland Estates and SWIP Real Estate, has pre-let 29,447 sq ft (2,735 m2) of office space in its development in London's West End.
The Great Wigmore Partnership, a 50:50 joint venture between Great Portland Estates and SWIP Real Estate, has pre-let 29,447 sq ft (2,735 m2) of office space in its development in London's West End.
Bridgepoint, the private equity firm, will occupy the fifth to seventh floors of the building at 95 Wigmore Street and will take a 15-year lease, with a tenant only option to break after 10 years, paying rent of £2.66 mln per annum.
Bridgepoint will receive an initial rent-free period of 18 months, with additional rent free of eight months if the option to break is not exercised.
This is the second pre-let in the building after Lane Clark & Peacock leased 40,000 sq ft in November 2012.
Works to complete 95 Wigmore Street are currently on site and completion is scheduled for July 2013. The 112,700 sq ft project will provide 82,300 sq ft of offices, 17,900 sq ft of retail space and 12,500 sq ft of residential accommodation.
'This further pre-letting in the building means the office space is close to being fully let prior to completion,' said Neil Thompson, portfolio director of GPE.
