Brookfield is on course to complete a remarkable turnaround of Moorgate Exchange, EC2, the 220,000 sq ft City trophy it bought with a vacancy rate of more than 90% less than three months ago.
The company is in talks to lease the remaining three floors in the building – which it has rebranded as Moor Place – after it agreed a 170,000 sq ft letting to WeWork last month.
Software company CHP is under offer to lease the top two floors of the 11-storey building, while Full Stack Data is in talks for the ninth floor.
Quoting rents for the lower floors start at £58.50 per sq ft.
Moor Place was developed by Quadrant Estates on behalf of BlackRock and CarVal Investors and completed in June last year.
The consortium let a single floor before agreeing a £211m sale to Brookfield in December.
Moor Place was among a handful of large City schemes that struggled to find tenants over the past two years and the latest lettings will place further upward pressure on City rents.
Land Securities has benefited from the supply squeeze, leasing the vast majority of its substantial 2010 City development pipeline during construction.
It is now in talks to lease 35,000 sq ft at One New Ludgate, EC4, to Commonwealth Bank of Australia.
It has already let 66% of the 352,000 sq ft twin-building New Ludgate scheme to tenants including Mizuho Bank and law firm Ropes and Gray.
Savills and JLL are letting agents at New Ludgate; JLL and CBRE are letting agents at Moor Place.
