Financial services group BGL has prelet 14,300 sq ft on the sixth floor of Derwent London’s White Collar Factory, Old Street Yard, EC1.
The Peterborough-headquarted firm is taking a 10-year lease with rental incentives equivalent to an 18-month rent-free period.
White Collar Factory is a 293,000 sq ft mixed-use development overlooking Old Street Roundabout. The 237,000 sq ft 16-storey White Collar Factory tower development is now almost 30% prelet ahead of completion in Q3 2016.
Derwent London has announced a further £5.2m of lettings secured on 93,600 sq ft in the past two months, of which £4.1m on 78,500 sq ft has been in the Tech Belt.
On average the Tech Belt lettings have been secured at rental levels 21.5% above June 2015 ERV.
Derwent London chief executive John Burns said: “These lettings demonstrate the strong positive occupier and rental momentum in the Tech Belt, and for our landmark development at White Collar Factory”.
Derwent London was represented by Cushman & Wakefield and Pilcher Hershman; Deloitte acted for BGL.
