CLS Holdings’ Westminster Tower on the Albert Embankment, SE1, is now fully let following two lettings.
Overseas Exhibition Services Limited has taken the 12th floor, extending to 3,100sq ft on a 10 year term at an initial rent of £83,700 (£27 per sq ft) per annum with an upwards only rent review at the fifth year. The tenant was granted a rent free period of 12 months.
Westminster Live Limited, an existing tenant, has taken a new lease on the 9th floor totalling 3,124sq ft for a term to expire in June 2012 at an initial rent of £99,968 per annum (£32 per sq ft).
The lettings follow the recent refurbishment of both the main reception area and 12th floor.
The 8th floor with 3,100sq ft of space will be available in September. It is to be refurbished and is available through letting agents EA Shaw.
CLS executive chairman Sten Mortstedt said: “These lettings provide further evidence of the importance in offering quality accommodation and in working closely with existing occupiers in this competitive market.”
References: EGi News 19/04/05
