Orchard Street Investment Management has renewed the lease of global media owner Clear Channel at 33 Golden Square, W1, on a 10-year deal at £85 per sq ft.
The block has been used as Clear Channel’s international headquarters since 1989.
Orchard Street acquired the property last year on behalf of St James’s Place Wealth Management.
The 17,086 sq ft six-storey block will now be refurbished by the tenant.
Hanover Green advised Orchard Street; Clear Channel was advised by Cushman & Wakefield.
Clear Channel director Nick Andrews said: “We are delighted to renew our businesses commitment to this premier location having comprehensively reviewed market alternatives. We look forward to a long relationship with Orchard Street which has shown a real commitment throughout the negotiations to deliver a mutually beneficial agreement.”
