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Grosvenor has today announced that Runway East, the leading provider of flex space in Bristol has committed to a 15-year renewal at 47,000 sq. ft. Bristol Bridge at 1 Victoria Street.
Luxury jeweler secures ten-year, 3,425-square-foot lease at Union Square property.
Midway through its £35m refurbishment programme, Grosvenor is capitalising on investment across its 500,000 sq. ft. regional office portfolio, with 44 lease events across 145,000 sq. ft driving a 42% uplift in rental income in 2024.
The joint venture (JV) between Grosvenor and Mitsui Fudosan UK has today announced that Skanska has been appointed as the main contractor to lead the delivery of its 267,000 sq. ft scheme at South Molton.
Grosvenor is building a 300,000 sq. ft. flexible and fitted workspace portfolio by transforming c20% of its existing office properties across London and other major cities.
Grosvenor’s UK property business has successfully retrofitted over 1 million sq. ft. of space across its London estate.
Continued demand for high-quality space across Mayfair and Belgravia throughout 2023 drove vacancy to 4.3% at year-end across Grosvenor’s London retail and office portfolio.
Nine deals throughout Grosvenor’s Union Square office portfolio completed in 2023 for a total of 17,690 square feet of new and renewed leased space.
The £500 million development will create a new destination of international significance for the West End.