Mott MacDonald takes more space in Midtown
Global engineering consultancy Mott MacDonald has taken an additional 20,000 sq ft on the fourth floor of 10 Fleet Place, EC4, taking its space in the building to 60,000 sq ft. It will be paying a headline rent of £68.50 per sq ft.
The company has occupied space in the building since 2011. Last year it took 19,884 sq ft on the first floor and regeared its lease on the second floor, where it had 19,888 sq ft, with both leases running until 30 April 2040.
The first and second floors in the 186,000 sq ft office building have been recently refurbished and the fourth floor is also set to undergo refurbishment to update the space as part of a building-wide programme.
Global engineering consultancy Mott MacDonald has taken an additional 20,000 sq ft on the fourth floor of 10 Fleet Place, EC4, taking its space in the building to 60,000 sq ft. It will be paying a headline rent of £68.50 per sq ft.
The company has occupied space in the building since 2011. Last year it took 19,884 sq ft on the first floor and regeared its lease on the second floor, where it had 19,888 sq ft, with both leases running until 30 April 2040.
The first and second floors in the 186,000 sq ft office building have been recently refurbished and the fourth floor is also set to undergo refurbishment to update the space as part of a building-wide programme.
Other blue-chip tenants in the building include Interpath Advisory, the independent financial advisory business that came from KPMG, law firm Hogan Lovells and CNBC, the US business news channel acquired by Comcast.
Addington Capital is the asset manager for the property on behalf of the Crosby Group from Hong Kong, which acquired it in 2015.
David Dalrymple, partner at Addington Capital said: “The ongoing success at 10 Fleet Place is down to the demand for high-quality space in Midtown and the City, particularly as businesses try to recruit and retain the best staff. We have invested heavily during the past three years to vastly improve the building’s environmental credentials, internal finishes and wider facilities, to make it significantly more attractive.
“Following the completion of this lease, the building is now 96% let and the remaining office/retail space is all under offer. We have a list of blue-chip and respected tenants, all on favourable lease terms.”
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Photo courtesy of Karen Roberts Communications
