26 January 2016

Under Offer Derwent’s London Copyright Building

Capita is under offer to lease the whole of Derwent London’s Copyright Building on Berners Street, W1.

Capita takes Derwent's Copyright

The outsourcing giant has agreed terms to prelet the entire 85,000 sq ft office element of the new development at 25-33 Berners Street.

No rents are yet being quoted on the Piercy & Co-designed building, on which work started in the first half of 2015.

However, prime office rents in the area come in at around £80 per sq ft, according to local agents.

In addition to the office space, the scheme includes 20,000 sq ft of shops.

The West End market has not traditionally seen tenants prelet buildings; however, the severe shortage of available space over the past two years has prompted a string of occupiers such as Estée Lauder and Facebook to commit early.

Deloitte Real Estate, Strutt & Parker and HMC are leasing agents on the building.

Read the full article here: http://www.estatesgazette.com/capita-takes-derwents-copyright/

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