Global advertising group Interpublic is under offer to lease the whole of UBS’s 99 Shoreditch, EC2, development.
The company’s RGA agency will occupy the 45,000 sq ft space, which has undergone a radical redevelopment.
The project includes in its reception area an art installation comprising three-dimensional printed models of 30 local residents (pictured).
Interpublic has agreed a blend of rents that equate to around £62.50 per sq ft overall, highlighting the level of demand for modern office stock in the supply-starved City fringe market.
The group, which also owns agency McCann-Erikson, is currently based in Clerkenwell at 42-48 St John’s Square, EC1.
UBS Triton Property Fund owns 99 Shoreditch, which was previously known as 99 Clifton Street, after forward purchasing the development from Helical Bar for £38.3m in November 2014.
The sale netted a swift return for Helical, which itself purchased the scheme for £21m in November 2013.
It is one of several City fringe schemes that are enjoying a surge of tenant interest.
Helical Bar is close to fully letting the first phase of its Bower development on Old Street Roundabout, while Derwent London is in discussions with several tenants looking to acquire space at the White Collar Factory, EC1.
JLL is acting for Interpublic; Gryphon Property Partners and CBRE are leasing agents at 99 Shoreditch.
