Blackstone completed more than 280,000 sq ft of lettings across its central London office portfolio in the last two weeks of 2016.
The deals cap off a year in which Blackstone leased more than 545,000 sq ft of office space in London at an average rent of £65 per sq ft with an average lease length of 13 years. Some 83% of leases were secured after the EU referendum.
The largest deal saw Barings complete a deal to take 113,000 sq ft at 20 Old Bailey, EC4, as tipped by Estates Gazette. The deal leaves 122,000 sq ft available in the Buckley Grey Yeoman-designed building, which is due to complete in Q2 this year.
Blackstone also secured three new lettings totalling 64,000 sq ft at the Adelphi, WC2. Tenants include global communications group Finsbury, AT Kearney and IK Investment Partners.
At Lacon London, WC1, two deals totalling 73,000 sq ft were completed with global commodity price reporting service Argus taking the third and fourth floors and trademark attorney firm Kilburn & Strode taking the majority of the 5th floor. The deals leave 85,000 sq ft available in the building.
International House at St Katharine Docks, E1, is now 93% occupied following the letting of the 5th and 6th floors totalling 55,800 sq ft to WeWork. Only 16,000 sq ft remains available at the 215,000 sq ft building.
Other smaller transactions included Stanley Davis Group and iManage leasing 4,000 sq ft and 2,000 sq ft respectively at 1 George Yard, EC3, to leave 9,700 sq ft available and Hill International taking 2,315 sq ft on the seventh floor at 10 Lloyds Avenue, EC3.
James Lock, managing director at Blackstone, said: “We continue to see strong levels of demand for the assets across our portfolio.”
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