Demand drives 170 Piccadilly past 73% let
170 Piccadilly reaches over 73% let with two new tenants totalling 6,200 sq ft.
- 170 Piccadilly occupancy over 73% let or under offer
- Space let 6,200 sq ft
- Rent achieved £294 per sq ft
- Rent ahead of ERV 5.9%
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Great Portland Estates plc (GPE) has today announced the letting of over 6,200 sq ft at 170 Piccadilly, W1 bringing the Fully Managed development to over 73% let or under offer.
A facilities management company will take 1,644 sq ft on the sixth Floor East and a global automotive technology company will take 4,585 sq ft on the fourth floor. The space has been let 5.9% ahead of ERV, at an average rent of £294 per sq ft.
Situated on one of London's most iconic streets, 170 Piccadilly W1 provides a stunning workplace which brings together heritage and premium workspace design, whilst honouring the building's Grade-II listed status.
Anna Tweed, Flex Leasing Manager, commented: "Reaching over 73% occupancy at 170 Piccadilly is a clear sign of the momentum behind our Fully Managed offer. Demand continues to be driven by the building's exceptional quality, central location and the flexibility we provide our customers. With strong interest ongoing, we're confident in maintaining this positive leasing momentum across the wider Piccadilly Estate."
| Great Portland Estates plc | +44 | (0) | 20 | 7647 | 3000 |
Toby Courtauld, Chief Executive
Stephen Burrows, Director of Investor Relations and Joint Director of Finance Yasemin Kiani, Senior Communications Lead Anna Tweed, Flex Leasing Manager
FGS Global
| James Murgatroyd & Gordon Simpson | +44 | (0) | 20 | 7251 | 3801 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.