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Lastminute.com takes space at Johnson Building

Lastminute.com takes space at Johnson Building

17 Nov 2011

Derwent London is pleased to announce that Last Minute Network Limited (Lastminute.com) has taken 22,300 sq ft of office space at Johnson Building, 77 Hatton Garden, London EC1.  The tenant will occupy the entire third floor of the property and will pay a rent of £42.50 per sq ft, the highest level achieved in the building, amounting to £0.95 million per annum.

Derwent London is pleased to announce that Last Minute Network Limited (“Lastminute.com”) has taken 22,300 sq ft of office space at the Johnson Building, 77 Hatton Garden, London EC1. The tenant will occupy the entire third floor of the property and will pay a rent of £42.50 per sq ft, the highest level achieved in the building, amounting to £0.95 million per annum. The previous tenant paid a surrender premium to vacate the floor which was then simultaneously let to Lastminute.com at a higher rent on a 10-year lease with a tenant break and rent review in the fifth year.

John Burns, Chief Executive Officer at Derwent London, commented:  “The redevelopment of the Johnson Building was completed in 2006 and is one of Derwent London’s flagship schemes. We are delighted to welcome Lastminute.com to this high quality Midtown property where they will be joining well known occupiers such as Grey Communications and Thomson Reuters.”

Jones Lang LaSalle acted for Lastminute.com whilst Derwent London was unrepresented.

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Nina Coad
Brunswick Group
Tel +44 (0)20 7404 5959
derwentlondon@brunswickgroup.com