Addington Capital, the property investment and asset management company has let 20,000 sq ft of office space at 10 Fleet Place, EC4 to serviced office provider Knotel on a new 10-year lease. The quoting rent is around £65 per sq ft.
10, Fleet Place was acquired in 2015 by its current Hong Kong-based owners Crosby Investment Holdings and Wing Tai Properties, for reportedly just over £175m, from Ares Management. Addington Capital is the asset manager for the property on behalf of the owner.
Martin Roberts, Principal of asset manager, Addington Capital said, “There is good demand for high quality office space in this western City location and we are delighted to welcome Knotel to the building. We will soon be releasing a further 13,000 sq ft of Cat A refurbished offices in March with a further 33,000 sq ft at the beginning of 2021. 10 Fleet Place is an iconic building in a great location so we are confident of achieving further success.”
Leasing agents were BH2 and Squarebrook. BNP Paribas advised Knotel.
Other tenants in the 185,000 sq ft building include news outlet CNBC and telecommunications firm Century Link.