Lettings at Angel Court reach 107,000 sq ft as second wave of deals complete

125

Mitsui Fudosan UK and development partner Stanhope plc have confirmed two further office lettings at Angel Court, the partnership’s 300,000 sq ft prime City office building, with WYG and one of the world’s largest private economic consulting firms. The deals take total lettings at Angel Court to in excess of 107,000 sq ft.

Both WYG and the private economic consulting firm, which will open its first London office at Angel Court, have signed for 8,750 sq ft of space on ten-year leases on the upper ‘sky floors’ at Angel Court.

The transactions follow three office lettings comprising over 90,000 sq ft, which were announced in April. Global health and care company Bupa completed a deal for 56,000 sq ft on the scheme’s lower floors and will relocate its global headquarters to Angel Court. A new financial services trade association, recently named UK Finance has signed for 25,000 sq ft on the building’s fifth floor. The trade body will bring together the Asset Based Finance Association, British Bankers’ Association, Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association. Shanghai Pudong Development Bank, a Chinese commercial bank, also completed a deal for the entire 19th floor of the building, spanning 9,000 sq ft.

Angel Court completed in February and is one of only two towers to complete in the City this year. Boasting uninterrupted 360-degree views of the City skyline, Angel Court provides high quality office space, alongside enlivening the surrounding public realm through a diverse dining offer.

Mitsui Fudosan UK and Stanhope have confirmed deals with four food and beverage operators in recent months. Modern Peruvian restaurant, Coya, acquired 4,500 sq ft in the southern-most section of the scheme’s ground floor. The Natural Kitchen has signed for 6,000 sq ft across the building’s ground and lower floors in the Copthall Avenue unit. Notes, a specialty coffee, food and wine company, has signed for 1,500 sq ft in the unit to the south of the building’s reception. Whilst Neil Rankin’s tandoori-style barbecue restaurant, temper, has completed a deal for 5,000 sq ft. Notes and Coya have opened to the public, with The Natural Kitchen and Temper expected to open later in the summer.

Eiichiro Onozawa, Managing Director of Mitsui Fudosan (UK) Ltd, said: “In line with Mitsui Fudosan UK’s long term commitment to sourcing, investing in and developing prime buildings with our development partner Stanhope, we identified an opportunity at Angel Court to deliver a high quality and sustainable scheme in the heart of London’s financial district. These latest lettings at the scheme are a further testament to the high-quality office accommodation we have delivered at Angel Court. We look forward to welcoming both new tenants, along with our other occupiers, to the building later in the year.”

David Camp, Chief Executive of Stanhope plc, added: “We have a long standing and successful development partnership with Mitsui Fudosan UK, and Angel Court is an excellent example of the type of landmark schemes we deliver. The building has already secured a range of different occupiers, attracted by the flexible floorplates, beautiful garden terraces, and the diverse food and beverage offer set within the scheme’s improved public space.”

Angel Court has been designed by Fletcher Priest Architects, with Waterman Group appointed as multidiscipline engineering consultants.

GMRE, Cushman & Wakefield and JLL acted for Mitsui Fudosan UK and Stanhope. WYG were unrepresented.