Derwent London is pleased to announce it has signed up two new office tenants at the recently completed Angel Building EC1 and the Fitzroy+Maple building W1 which have both won a RIBA London Award 2011. The Angel Building also won the BCO London and South East Refurbished/Recycled Workplace Award 2011.
Sage (UK) Limited, an operating company of The Sage Group plc, has taken 12,500 sq ft on part of the third floor at the Angel Building, to accommodate the London offices of Sage Pay, the payment service provider. The tenant has taken a 10-year lease with a break at 5.5 years and will pay a rent of £42 per sq ft (£450 per m2). Sage Pay joins Cancer Research UK, NG Bailey and Jamie’s Italian. With additional space also under offer, the Angel Building is now approaching full occupancy. DTZ, CB Richard Ellis, Pilcher Hershman and H2SO acted for Derwent London and Vail Williams represented Sage. The architects were Allford Hall Monaghan Morris.
At 1 Maple Place, Keyhaven Capital Partners Limited, an independent London-based private equity investment firm, has taken the entire building of 11,500 sq ft, at a rent of £41 per sq ft on a 10-year lease with no breaks. Ashwell Rogers and Pilcher Hershman acted for Derwent London and Simon Korn represented Keyhaven. The 12 Fitzroy Street element of the scheme is currently under offer. The architects were Duggan Morris.
Celine Thompson, Head of Leasing at Derwent London, commented: “We are delighted to welcome Sage to the Angel Building and Keyhaven to Maple Place. This continues Derwent London’s strong letting performance in 2011. Both buildings have attracted substantial occupier interest, illustrating the value of investing in award-winning design and architecture”.