U and I Group PLC U+I lets 30% of 12 Hammersmith Grove to WeWork (1609P)
August 29 2017 - 3:43AM
UK Regulatory
TIDMUAI
RNS Number : 1609P
U and I Group PLC
29 August 2017
29 August 2017
U+I lets 30 per cent of 12 Hammersmith Grove to WeWork
U+I in partnership with Aberdeen Standard Investments, today
announces that WeWork, the global community for creators, is the
latest company to join its community of leading brands at 12
Hammersmith Grove. WeWork has signed a lease to occupy 52,837 sq ft
representing over 30% of the whole building.
This latest letting, takes 12 Hammersmith Grove to 75% let, at
rental levels in line with previous guidance. Interest in the
remaining 4(th) and 5(th) floors of the building is strong, with
further deals expected to be announced in the short term.
Matthew Weiner, CEO, said: "Hammersmith is firmly established as
a hub for ambitious brands, and 12 Hammersmith Grove has further
enriched this business community. We are on track and pleased with
the progress we are making, and with the calibre of occupiers that
the building is attracting."
Elaine McCann, Associate Asset Manager, Aberdeen Standard
Investments, commented:
"WeWork is an excellent addition to the community of leading
occupiers at 12 Hammersmith Grove and further underlines the
quality of the building. We look forward to announcing further
lettings in due course."
Patrick Nelson, Executive Vice President of Real Estate at
WeWork said:
'We have an existing 20,000 member community in London which
provides us with a unique and unrivaled understanding of the
requirements of start-ups and entrepreneurs, as well as growing and
established corporations. We're excited to announce our expansion
in West London with our latest WeWork location, in 12 Hammersmith
Grove. This is our 23rd WeWork to be announced in the UK.'
Forward-funded by Aberdeen Standard Investments, 12 Hammersmith
Grove provides 170,000 sq. ft. of exceptional Grade A office space
over ten floors.
ENDS
For further information, please contact:
U and I Group PLC
Lucy Grimble, Head of Investor Relations
+44 20 7828 4777
ir@uandiplc.com
Camarco (Financial PR adviser)
Geoffrey Pelham-Lane / Tom Huddart
+44 (0) 20 3757 4985/4996
uandi@camarco.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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