Aberdeen Investments, on behalf of the Standard Life Pooled Pension Property Fund, has agreed a pre-let of its Wigmore Yard development in London’s West End to wealth management firm TrinityBridge (formerly known as Close Brothers Asset Management).
Wigmore Yard, located at 42 Wigmore Street, is being developed using in-house expertise at Aberdeen. It will become the new London headquarters of TrinityBridge.
The development has been designed to meet high sustainability standards, targeting an ‘outstanding’ rating from BREEAM – the world’s leading sustainability assessment method for infrastructure and buildings – and a NABERS environmental performance rating of 4.5. In addition, the property is being fitted out to an SKA Gold accreditation.
The building is being comprehensively refurbished to cater to the demands of modern office occupiers, with end-of trip facilities, a landscaped courtyard and several roof terraces. It will play a key role in enabling TrinityBridge to deliver on its strategic objectives and achieve its ambition to be the best place in the UK for wealth management professionals and their clients.
300 employees will officially transition to the new Wigmore Yard location in October this year. The rent achieved was £105 per sq ft and the lease term is 10 years.
David Stewart, Fund Manager, Aberdeen Investments for the Standard Life Pooled Pension Property Fund says:
“We are extremely proud of what we have achieved at Wigmore Yard, a truly hidden gem on one of Marylebone’s main streets and are delighted it will be the new London Headquarters for TrinityBridge. This letting also marks another key success for the Fund, reflecting our experience in providing sustainable buildings of exceptional quality in prime locations.”
Eddy Reynolds, CEO of TrinityBridge, comments:
“We are delighted to announce our new headquarters in Marylebone. This move, which marks the next milestone in our journey as an independent business, will help to shape the future development of our business, providing a state-of-the-art office space for our colleagues and also a welcoming and relaxed space for our clients, who continue to be the core to our business. We can’t wait to welcome them to Wigmore Yard.”
