Back
News

Northeastern University signs for One Portsoken

Northeastern University has taken four floors in Alfred Equities’ newly refurbished One Portsoken in Aldgate, E1.

The US higher education institution has agreed a 12-year lease for 98,388 sq ft at £50.76 per sq ft.

It will occupy floors 5-8 in the 230,000 sq ft grade-A office building, which was refurbished and repositioned in 2021.

New York-based investor Abraham Schwartz bought the building for £97m in 2018. Features of the updated office include 9,127 sq ft of terraces and a restaurant, café and bar.

The ground to third floors were let to BPP University in 2021 when it took 83,862 sq ft on a 14-year lease.

Compton, Cushman & Wakefield and Noble Harris acted for the landlord; Knight Frank acted for Northeastern University.

To send feedback, e-mail chante.bohitige@eg.co.uk or tweet @bohitige

Up next…