Finance

Top rent brings new year cheer for 10 Old Burlington Street, Mayfair

Top rent brings new year cheer for 10 Old Burlington Street, Mayfair

02 January 2007

Nevsky Capital LLP has signed an Agreement for Lease for the top floor of 10 Old Burlington Street, Mayfair, London at a rent in excess of £100 psf for an 11 year term. The floor area is 3,705 sq. ft.

“We are just under a month away from practical completion on 10 Old Burlington Street and over 80% of the building has been pre-let” said Martin McGuire, Investment Director at Standard Life Investments. “This latest letting follows the agreement reached in November with Arlington Securities and in mid December with MKM Longboat (UK) Capital Advisors Limited at £95 psf and demonstrates the strength of the West End market at the present time, particularly for Grade A space.”

The redevelopment of 10 Old Burlington Street is a joint venture between Standard Life Investments’ Unit Linked Life Fund and City & West End.

The only remaining space available at 10 Old Burlington Street is the fourth floor, comprising 7,355 sq. ft.

Drivers Jonas represented Standard Life Investments and City & West End. Sparkes Porter Mason acted for Nevsky Capital LLP.

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