Derwent London secures two further lettings at the Charlotte Building
17 Mar 2010
Derwent London has secured two further lettings totalling 19,900 sq ft at its new flagship Charlotte Building, 17 Gresse Street, London W1.
Renowned shoe designers Converse (part of Nike Inc.) has taken 14,900 sq ft on the second and third floors, whilst the brand and packaging design specialist Brandopus will occupy the ground floor, totalling 5,000 sq ft.
Converse has taken a 10.5 year lease at £0.65 million per annum (£44 per sq ft), with an option to break after five and a half years. Brandopus will pay a rent of £0.22 million per annum (£43.75 per sq ft) on a 10 year lease with an option to break after six years. The two companies will join existing tenants Unanimis and Icon Entertainment at the Charlotte Building. Today’s announcement means six out of the seven floors, totalling 84% of the floor area, are now let.
Set around a landscaped courtyard, the building is the work of award-winning architects Lifschutz Davidson Sandilands and is strategically located in the heart of the West End, immediately to the north of Oxford Street.
John Burns, Chief Executive, Derwent London, said: “We are delighted to welcome these tenants to the Charlotte Building. We take great pride in our design-led approach to development and the signing of Converse and Brandopus is evidence of our continued success. Although only completed in October last year, the vast majority of the space is now let, reflecting the continued demand from tenants for our high quality yet affordable central London space.”
Derwent London was advised by H2SO and HMC as well as Pilcher Hershman, who also advised Brandopus. Converse was advised by Edward Charles.