Great Portland Estates PLC GHS secures leasing success at Hanover Square (3065S)
March 16 2021 - 2:00AM
UK Regulatory
TIDMGPOR
RNS Number : 3065S
Great Portland Estates PLC
16 March 2021
Press Release
16 March 2021
GHS secures further leasing success at its Hanover Square
development
The GHS Limited Partnership (GHS), one of Great Portland Estates
plc's (GPE) joint ventures, announces it has let a further 9,000 sq
ft of office space at its Hanover Square, W1 development to
Lexington Partners LP (Lexington) for their new London office
premises.
Lexington will occupy the second floor of the offices in 1
Medici Courtyard on a 15-year lease (with option to break at year
10). This transaction follows 111,000 sq ft of office pre-lettings
to Kohlberg Kravis Roberts & Co. Partners LLP and Glencore UK
Limited in 18 Hanover Square. A further 24,300 sq ft of office
space remains available on the third to fifth floors in 1 Medici
Courtyard, 16,500 sq ft on the first floor in 18 Hanover Square and
6,300 sq ft in the Grade II* listed 20 Hanover Square.
1 Medici Courtyard is a new seven storey building containing
31,000 sq ft of new flagship retail units on New Bond Street, with
33,300 sq ft of offices above. The office entrance is approached
from the newly created Medici Courtyard, at the heart of the 1.3
acre, mixed use development that also comprises:
-- 18 Hanover Square, which is a new nine storey building
incorporating the eastern entrance to the Elizabeth Line's Bond
Street station;
-- six luxury residential apartments at the junction of New Bond
Street and Brook Street, which have all been sold; and
-- restaurant space, recently let to Colonial and offices in the
Grade II* listed 20 Hanover Square.
Simon Rowley, Head of Office Leasing at GPE commented, "Best in
class office space continues to be highly sought after, and that is
exemplified by this transaction and the interest we have from
occupiers in the rest of the scheme. We look forward to welcoming
Lexington alongside KKR and Glencore as they complete their fit
outs later this year."
Contacts:
Great Portland Estates plc
Toby Courtauld, Chief Executive +44 (0) 20 7647 3042
Simon Rowley, Head of Office Leasing +44 (0) 20 7647 3059
Finsbury Group
James Murgatroyd +44 (0) 20 7251 3801
Gordon Simpson +44 (0) 20 7251 3801
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END
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