CBRE Investment Management has agreed two leasing deals totalling 40,000 sq ft at its recently refurbished office scheme 5 Howick Place, SW1.
Pemberton Asset Management, has signed to take 20,000 sq ft, occupying the third floor, while a further 20,000 sq ft has been re-let to events and publishing business Informa, which has renewed its lease on the second floor of the 170,000 sq ft building. Other occupiers include Orsted, Giorgio Armani and Native.
The lettings follow a refurbishment of the building to improve its sustainability performance. Updates included a remodelled reception area, upgraded bike racks, showers and lockers, and a 4,400 sq ft landscaped communal roof terrace.
The lettings leave 20,000 sq ft on the first floor available, which will be ready to occupy in January 2023 following the completion of refurbishment works.
Nick White, director at CBRE IM, said the deals “demonstrate the strong appeal of 5 Howick Place in a competitive market for customer-oriented grade-A workspace”.
The mixed-use building includes 140,000 sq ft of offices over eight floors, as well as 23 private residences, 10 affordable apartments and retail at ground-floor level. The building has a BREEAM Excellent rating with an EPC B and includes ground-source heat pumps, solar panels and a green living wall.
Pemberton Asset Management was advised by Crossland Otter Hunt. Informa was advised by JLL. CBRE Investment Management was advised by Cushman & Wakefield and CBRE.
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