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Starbucks takes Chiswick Park as London HQ

 

Stanhope has secured 140,000 sq ft of lettings in two deals at its 1.8m sq ft Chiswick Park in west London.

 

Bovis Lend Lease, represented by Savills, is set to take 100,000 sq ft at the 165,000 sq ft Building 4.

 

The Richard Rogers-designed park, owned by the Chiswick Park Unit Trust – which comprises Schroders Property Managers, API and Stanhope – has secured the letting ahead of Gresham Real Estate’s 5 Longwalk Way at Stockley Park, Heathrow.

 

At the same building, US coffee-shop chain Starbucks has taken 40,000 sq ft for its London HQ. Bovis Lend Lease and Starbucks will pay around £35 per sq ft.

 

The lettings more than double the 110,000 sq ft of space that has been let at the park so far this year.

 

They mark a change in fortune for the trusts, which last month lost out on a 100,000 sq ft letting from US healthcare company Cerner.

 

Cerner had been in discussions to expand out of its 46,000 sq ft HQ at the Point in Paddington, W2, to move to the park. It cut its requirement following difficulties expanding the Cerner Millenium software across the NHS estate as part of a government hospitals IT programme.

 

Cushman & Wakefield advised Starbucks; Jones Lang LaSalle and Savills acted for the Chiswick Park Unit Trust.

 

paul.norman@egi.co.uk

 

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