International real estate company Pembroke has confirmed a new ten-year lease for long-term anchor tenant Ardian, a world-leading private investment house, for its 23,400 sq ft of office space at One Grafton Street in Mayfair.
Pembroke recently completed a programme of enhancement works at One Grafton Street, a mixed-use development behind an Edwardian façade, to revitalise the occupier experience through a new arrival and reception area and the creation of world class end-of-trip amenities.
One Grafton Street sits in the heart of London’s affluent Mayfair and comprises modern offices, three ground floor luxury retail units and a three-bed apartment. The improvement works sensitively improves the arrival experience, with a new-look office entrance on Grafton Street and reimagined retail frontage on Hay Hill. A new landscaping and planting scheme complements the historic existing building, drawing on the features and materials which are prevalent in the surrounding Mayfair area. Inside, new end-of-trip facilities, including bike store and club-style shower and locker areas, enhance the on-site amenities available to Ardian’s London team.
Sandra Cooper, Director, Asset Management at Pembroke, comments: “To secure this commitment of a long-term and valued tenant is testament to the strong relationship we have built with Ardian. A lease renewal of this scale is a real sign of confidence in the Mayfair office market and highlights continued demand for well-located, amenity-rich workspaces. As the needs of today’s workforce evolve, we recognise the importance of meeting those needs and continually enhancing the customer-focused facilities and premium services that support occupier wellbeing.”
Pembroke’s London portfolio comprises 580,000 sq ft of high quality, modern workspace in some of the Capital’s most prominent and high-profile locations in Mayfair and the City of London.
Pembroke appointed Rolfe Judd as project architect and BW (Workplace Experts) as the contractor for the refurbishment works, which completed September 2021. The leasing agent was Levy Real Estate.