M&G Real Estate signs new deal at City of London office with leading UK energy producer

M&G Real Estate has signed a new deal with one of the UK’s leading electrical power generating companies at Alder Castle on Noble Street in London’s square mile. The energy production company has signed a new 10-year lease to take 13,000 sq ft of office space in this recently refurbished central London building.

The news follows the recent letting to US law firm, Paul Weiss, and the completed refurbishment of the building, which includes a contemporary new reception and category A specification across all floors.

William Badger, Asset Manager at M&G Real Estate, comments:

“The ‘flight to quality’ of the evolving City occupier is continuing to maintain demand for best space. The continued interest we are receiving for Alder Castle is a testament to the quality of the recent refurbishment, and its ideal location within the City. We expect to see strong interest in the remaining 17,500 sq ft.”

Located near Gresham Street, at the heart of the City, the building is in close proximity to the amenities at Cheapside and St Paul’s, whilst Smithfield Market and Farringdon are within 10 minutes’ walk.

JLL and GM Real Estate acted for M&G Real Estate.