Back
News

Moor Place hits 94% let

Moorgate-exchangeBrookfield Property Partners has leased more than 195,000 sq ft at Moor Place, EC2, in the three months since buying the building for £211m, bringing it to 94% let.

The North American investor and developer has confirmed it has let 19,252 sq ft on the 10th and 11th floors of the building to CHP Consulting, while Pure Gym has leased 8,700 sq ft.

The latest lettings follow a 167,000 sq ft deal with WeWork agreed last month.

WeWork chief executive and co-founder Adam Neumann said:  “This is another exciting step for WeWork as we continue to grow our presence in London and Brookfield’s Moor Place building perfectly suits the needs of our company and, more acutely, our members.”

When Brookfield bought the building in December last year from CarVal, BlackRock and Quadrant Estates it was just 7% let.

Brookfield UK office division president and chief operating officer Martin Jepson added:  “Three months later, we have leased most of the vacant office space, which is another tremendous achievement for our team.”

CBRE and JLL advised Brookfield; Kontor advised WeWork; Crossland Otter Hunt acted for CHP Consulting; Charles Palmer Property represented PureGym.

jack.sidders@estatesgazette.com

Up next…