The Crown Estate has secured three investment firms to take the final floors of One Eagle Place, SW1.
Bowmark Capital, Starwood Capital and Imperial Capital are all under offer to take offices at the Crown Estate’s 60,000 sq ft development.
Bowmark will take the 11,000 sq ft third floor, while Starwood and Imperial will split the 11,000 sq ft second floor. All are understood to have agreed 10-year leases at close to £90 per sq ft.
On completion, the deals will see the building fully let just nine months after CBRE and Strutt & Parker launched the letting campaign.
Eagle Place is part of the St James’s Gateway scheme – a 50:50 joint venture between the Crown Estate and the Healthcare of Ontario Pension Plan. Leases at the property have been dominated by financial occupiers, including Haymarket Financial and Sir Richard Branson’s Virgin Money.
JLL office agency director Andrew Barnes said: “The West End looks set to retain its crown as the must-have address for the niche financial sector. With a limited development pipeline in Mayfair and St James’s, top-end prime rents are set to continue to grow.”
Last year, the banking and finance sector signed for 370,800 sq ft of offices in the West End – a 63% increase on 2012 take-up, according to JLL.
joanna.bourke@estatesgazette.com
