Grosvenor has pre-let its new 40,000 sq ft Grade A office scheme, 20 Grosvenor Street, Mayfair, to KPMG on a 15 year lease.
Craig McWilliam, Executive Director for Grosvenor’s London estate said: “This pre-let to KPMG, nine months before the development completes, is a testament to both the building and to Mayfair as a place businesses choose to locate.”
The news follows recent lettings at neighbouring schemes 50 Grosvenor Hill and 33 Davies Street, illustrating the demand for quality office space in this part of London.
Simon Collins, UK Chairman of KPMG, added: “Opening a building in the heart of Mayfair for our clients is exciting and our ambition is to create a very different meeting space. We are keen to push boundaries in design and service excellence. We believe we are taking a unique and adventurous approach and, accordingly, are working with Russell Sage Studio, which has produced impressive results for clients such as Jason Atherton and the BBC.”
The letting follows the topping out of 20 Grosvenor Street on 1st May with contractors Sir Robert McAlpine. Designed by Flanegan Lawrence Architects, the scheme retains the original Bath stone facade, preserving the building’s distinct identity and character. The architectural and design specification incorporates flexible, large floor plates, including a separate room with period features on each floor, good floor to ceiling heights, and also a large reception and outdoor roof-terrace, with dual access from Grosvenor Street and Brook’s Mews.
In addition to the 170,000 sq ft office development pipeline, Grosvenor continues to make significant investment in Mayfair. Schemes include public realm improvements, the redevelopment of Brown Hart Gardens, an award winning public space, the development of a new art gallery for Gagosian Gallery and the development of The Beaumont Hotel, which will be operated by restaurateurs Chris Corbin and Jeremy King when it opens in the autumn and features an inhabitable sculpture by artist Antony Gormley.
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Notes to Editors
Grosvenor Britain & Ireland aims to create value through its skills in place-making and design, repositioning locations in ways that change customer perceptions and deliver results for our stakeholders. We own and develop an exceptional range of properties and locations in Britain and Ireland through two business units: our London estate, responsible for assets across 300 acres of Mayfair and Belgravia, and Grosvenor Developments, responsible for all off-estate activity in Britain and Ireland. Both teams have a common goal: to create great places for people to live, work and visit. As at 31 December 2013, Grosvenor Britain & Ireland had assets under management of £5bn.