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9 Jun 2008 07:01
9th June 2008
Statoil to let two floors at Development Securities PLC's PaddingtonCentral
Development Securities PLC, the leading property development and investment company, announces today that two floors at its One Kingdom Street, PaddingtonCentral development, funded by Morley Fund Management and Union Investment, have been placed under offer.
Statoil UK Ltd would lease the entire 8th and 9th floors, totalling 53,000 sq ft, and would be relocating its UK headquarters from its present premises at 11a Regent Street, SW1. The terms of the letting are confidential.
With practical completion of the construction of One Kingdom Street having been reached as recently as 19th February 2008, completion of this letting will take the occupancy level within the building to 50 per cent of the available space. There is active interest in the remainder of the accommodation.
For further information, please contact:
Michael Marx
Development Securities PLC 020 7630 1411
Mallika Basu
The Communication Group plc 07939 521 708
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