Hines UK, the real estate investment, development and asset management company, has secured a further prime rent office letting at One Grafton Street, the prestigious office building in the heart of London's Mayfair. The firm has also let the final retail unit on the ground floor of the 35,000 ft² (3,250 m²) development.
Private equity firm Levitan Investments LLP has taken the third floor of the building, on a 10-year lease at £97.50 per ft².
The transaction represents the latest of a string of prime rents secured at One Grafton Street, following recent lettings to Genel Energy UK Services, AXA Private Equity and Dering Limited.
Ross Blair, Managing Director of Hines UK, said: "One Grafton Street has attracted some of the highest rents in London during this property cycle. We are currently at advanced stages of negotiations with prospective tenants for the remaining space, and the second floor is under offer. We expect to announce further lettings very soon."
The final retail unit has been let to Spianata, for what will be the artisan Roman bakery's first outlet in the West End, and sixth in London. All four retail units are now fully occupied, with the other units operated by leading French fashion designer Vanessa Bruno, French furniture designer Guillaume Alan, and Anna Casa Interiors.
Hines UK was advised by GVA and Knight Frank, with Levitan Investments LLP representing themselves. Spianata was represented by Savills with CBRE advising Hines UK.
Source: FTI Consulting