British Land has completed its first letting at Marble Arch House in the West End, with Fulcrum Asset Management due to occupy the 9,000 ft² (approx. 836 m²) fifth floor of the building
Fulcrum Asset Management has signed a ten year lease at £78.50/ft², and is due to move into the building over the summer.
The deal comes just a month after British Land launched the building, which comprises 61,200 ft² (approx. 5,685 m²) of new high quality office space over seven floors, and is located on Seymour Street in the Portman Village.
British Land entered into an agreement with The Portman Estate to purchase and redevelop Marble Arch House in 2011. The scheme, designed by Bennetts Associates Architects, also comprises 15,000 ft² (approx. 1,393 m² of retail space and is adjacent to ten luxury residential apartments built behind the retained period Victorian facade of 62-64 Seymour Street.
James Danby, Director of London Leasing at British Land, said: "Signing our first letting to Fulcrum Asset Management is a significant milestone in the development of Marble Arch House. It is evidence of the building’s high quality and its excellent location, within touching distance of Mayfair, attracting a significant occupier from the asset management industry. We anticipate further strong demand for space at the building moving forward."
CBRE and Cushman & Wakefield advised British Land. Gus Coke of PROP AM advised Fulcrum Asset Management.
Source: British Land
