Advised by Farebrother, Rowan Asset Management & GI Partners sign a flurry of deals at Aldwych House
12 October 2016
Following the 62,000 sq ft letting to WeWork at London Midtown's Aldwych House last month, Rowan Asset Management and development partner GI Partners have signed five further leasing deals, bringing the building to 75% occupied. Read the full Property Week article here.
11 October 2016 | By Richard Williams | Property Week
Rowan signs flurry of deals at Aldwych House
Rowan Strategic Asset Management and development partner GI Partners have announced a flurry of lettings at Aldwych House, in London’s Midtown.
Following the 62,000 sq ft letting to WeWork, which was announced last month, five further leasing deals have been signed bringing the building to 75% occupied.
The London School of Economics has taken 12,900 sq ft on the third floor, while music publishing company Imagem Boosey & Hawkes and Huntress Group have agreed to take 7,600 sq ft and 4,300 sq ft of space on the sixth floor, respectively.
Base Quantum have signed on 3,600 sq ft on the part third floor, and law firm Fenwick Elliott has leased 12,000 sq ft on the part fourth floor.
Rowan’s chief executive Nick Jacobs said: “We are delighted to have closed six deals in the space of two weeks. Aldwych House shows that exceptional space and a building designed for the modern working community appeals. We have a dynamic mix of media, tech, legal and institutions in what I call “the Mothership”. We continue to witness strong demand and are confident we will lease the two remaining floors soon.”
A total of 46,500 sq ft remains available in the 174,000 sq ft building which includes two full floors on the fifth and eighth floors. Quoting rents are from £65/sq ft on the lower floors.
GI Partners acquired Aldwych House in partnership with Rowan Strategic Asset Management and Taurus in December 2011.
CBRE and Farebrother acted for Aldwych House. Devono acted for Huntress Group.