Derwent London has pre-let 84,600 sq ft of space to four new customers at an office scheme currently completing refurbishment in east London. Three of the new deals were signed after the EU referendum.
The White Chapel Building on the fringes of the city in E1 is now 46% pre-let on Phase 1. The refurbishment totalling 185,000 sq ft has attracted a range of businesses including media, professional services and shipping.
The eight-storey White Chapel Building was acquired with vacant possession in December 2015 and the refurbishment of Phase 1 by ISG is due for completion by the end of this year. The majority of the remaining available space consists of the top three floors.
The building will include a new 7,000 sq ft reception area with an independent café, and an external terrace. Phase 2 will comprise predominantly the lower ground floors representing another c.85,000 sq ft of space where work could start in 2017.
John Burns, Chief Executive Officer of Derwent London, said: “We are very pleased to introduce four new occupiers to our portfolio, three of which signed leases after the EU referendum. Their broad spread of activities and commitment is an endorsement of our strategy of creating a mid-market rental product in this significantly improved area on the eastern side of the City and the Tech Belt.”
