(Sharecast News) - Property investment and development business Derwent London has let the entirety of its 6-8 Greencoat Place, SW1 location to flexible workspace provider Fora.
The FTSE 250-listed firm let Fora the 32,400 square foot property, set to open in 2022, at an average price of £69 per square foot on a 15-year lease with no breaks.
Chief executive Paul Williams said: "We are pleased to welcome Fora, one of the UK's leading flexible workspace providers, to both 6-8 Greencoat Place and to our portfolio.
"We have created modern adaptable space while significantly enhancing the building's sustainability and longevity. This combination enabled Fora to make a long-term commitment, and they, in turn, will provide an important amenity for our surrounding occupiers."
As of 0920 BST, Derwent London shares were up 0.58% at 3,628.0p.
Derwent London (DLN)25 Apr 2024 11:20
IN BRIEF: Derwent London sells Clerkenwell building let to Publicis
Derwent London PLC - London-based property investor and developer - Sells 70,300 square feet freehold interest in the Turnmill building in the Clerken...