Office availability in London’s Docklands has slumped to an all-time low, following confirmation of two deals at Harbour Exchange.
The latest figures from FPDSavills show completed vacant office space in major office buildings stands at just 31,772 sq m (342,000 sq ft), of which 19,974 sq m (215,000 sq ft) is under offer.
Bank of New York has confirmed it has taken 6,614 sq m (71,200 sq ft) in 6,7,8 and 9 at Capital & Provident’s Harbour Exchange. The terms of the deal are confidential, although it is understood the company is paying in excess of the £193.76 per sq m (£18 per sq ft) quoting rent.
Red Bus Management, which recently took the remaining space in 8 and 9 Harbour Exchange, has taken the last 1,328 sq m (14,300 sq ft) at no. 7. The company has taken a 15-year lease at £215.29 per sq m (£20 per sq ft).
Knight Frank and Chesterton acted for Capital & Provident, while FPDSavills was Bank of New York’s agent.
EGi News 30/11/99
