Hammerson lets 19,000 m[sup]2[/sup] at London office

UK REIT Hammerson has signed agreements with office occupiers for its major development at 125 Old Broad Street, taking the London EC2 building to 69%-let by income. Over 200,000 sq ft (19,000 m2) of office and retail accommodation has now been let at the London scheme.

Gatehouse Bank has signed a 10-year lease for 11,000 sq ft of office accommodation on level 24 of the 26-storey building. The bank will pay £50 per sq ft, receiving a rent-free period of 31 months. Amco Commodities has also signed a 10-year lease with a five-year break, for 7,500 sq ft on level 20. The occupier will receive a rent-free period of 18 months, paying £47.50 per sq ft. Landmark Business Centres, a serviced office provider, has signed a 15-year lease for 26,600 sq ft across levels six and seven. The terms of the deal were not disclosed.

Martin Jepson, managing director, London Group said: 'These lettings to financial services occupiers Gatehouse Bank and Amco Commodities reflect the high quality of our development at 125 Old Broad Street, one of the best locations in the City of London. Despite a difficult letting market, we continue to see significant interest from a range of potential occupiers.'