Derwent London has prelet the lower ground floors and an office pavilion at The White Chapel Building in London, E1, to Fotografiska.
Fotografiska runs a photography museum in Stockholm and will use the space for Fotografiska – The London Museum of Photography.
The initial rent is £2.4m per annum or £27 per sq ft.
It will occupy the whole of phase 2’s 89,000 sq ft on a 15-year lease with five-year rent reviews based on RPI increases. Rent free is equivalent to 30 months on a 12-year lease, rising to 36 months on a 15-year term.
Derwent bought the vacant 185,000 sq ft building at 10 Whitechapel High Street, E1, in December 2015.
John Burns, chief executive officer of Derwent London, said: “We believe their arrival will be a major benefit to the area and Fotografiska’s character endorses the group’s focus on good design. This prelet means that we will have successfully let the entire property.”
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