Kennedy Wilson Europe Real Estate has announced a series of rent reviews and new lettings at 17% ahead of previous passing rents and 3% above ERVs.
It said it had completed reviews at 111 Buckingham Palace Road, London, SW1, and new leases at Leavesden Park, Watford and Stillorgan Shopping Centre, Dublin, totalling more than 270,000 sq ft of space.
The 224,100 sq ft Buckingham Palace Road covered two rent reviews with The Telegraph and Regus and a new letting to software company Metalogix.
Mary Ricks, president and chief executive of Kennedy Wilson Europe, said: “The positive leasing momentum delivered in 2016 across the UK and Ireland has continued in 2017 as the portfolio continues to offer attractive space at good value for occupiers.
“Buckingham Palace Road continues to demonstrate untapped potential and we are excited to capitalise on further asset management opportunities in the near to medium term.”
To send feedback, e-mail alex.peace@egi.co.uk or tweet @egalexpeace or @estatesgazette
