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LEO in sweet deal on Cheapside

Sugar-Building-570px

Lord Sugar’s property firm has leased all the office space at the revamped 5 Cheapside, EC2, to luxury serviced office operator London Executive Offices.

Queensgate-backed LEO has agreed to pay average rents of around £83 per sq ft for the 40,126 sq ft of office space in the building, one of the highest non-tower rents agreed in the City.

Savills and Ingleby Trice are letting agents on the building; LEO was unrepresented.

jack.sidders@estatesgazette.com

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