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Derwent London secures final prelet at Brunel Building

Derwent London’s 243,200 sq ft Brunel Building in Paddington, W2, is now fully prelet after the developer secured a deal for the final three floors with Splunk Services UK, a subsidiary of Splunk Inc.

The US public multinational corporation that produces software for searching, monitoring, and analysing machine-generated big data has signed for the remaining 49,600 sq ft of offices on the third, fourth and fifth floors “on similar terms as previous lettings in the building”.

It joins other occupiers including Sony Pictures, Paymentsense, FA Premier League, Hellman & Friedman, Coach and Alpha FX.

The 17-storey offices are now fully prelet at £17.6m pa, 2.4% above December 2018 ERV.

The remaining 5,500 sq ft of restaurant and cafe space is under offer.

John Burns, chief executive of Derwent London, said: “Our preletting success supports our design-led approach as well as our confidence that London continues to attract major international businesses.”

CBRE, Cushman & Wakefield, and Pilcher Hershman acted for Derwent London. Colliers advised Splunk on the deal.

 

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