US private equity firm Texas Pacific Group has agreed to take 27,000 sq ft at the Qatar-owned Park House on Oxford Street, W1.
TPG is under offer on the fifth floor, paying around £90 per sq ft. The company is relocating from 5-7 Carlton Gardens, SW1.
The 165,000 sq ft office block, completed in 2012, now has three office tenants. Luxury fitness company Equinox took a 27,000 sq ft lease in March and Elliott Advisors (UK) took 22,215 sq ft in September 2013.
The 87,700 sq ft retail element is fully let to brands including Zara, Swarovski and River Island.
Park House is owned by the state of Qatar and managed by REM. The building was developed by Land Securities.
CBRE, Knight Frank and GVA are the letting agents on the building. Crossland Otter Hunt advised TPG.
