AEW Acquires 95 New Cavendish Street from LBS Properties and Baumont Real Estate Capital
LBS retained as Development Manager for flagship West End office repositioning scheme
LBS Properties, in partnership with Baumont Real Estate Capital, is pleased to announce the sale of 95 New Cavendish Street, W1 to AEW.
Located in the heart of Fitzrovia, this prime redevelopment opportunity will comprise 22,589 sq ft of office space across lower ground, ground and six upper floors. With LBS securing planning consent for a best-in-class redevelopment designed by Stiff + Trevillion in 2024, the project will create two additional floors, a communal roof terrace and market-leading sustainability credentials, targeting BREEAM Excellent and EPC A certifications.
AEW plan to commence construction later this year. LBS has been retained as Development Manager to oversee the transformation of the property, reflecting our ongoing commitment to delivering state-of-the-art, sustainable office accommodation in central London’s most vibrant districts.
Nick Crawford, CEO of LBS Properties, commented:
“We are delighted to have concluded the sale of 95 New Cavendish Street to AEW, a highly respected investor in the real estate sector. This project represents an exciting opportunity to deliver a future-ready, sustainable office building in Fitzrovia, where demand for premium space continues to outstrip supply. We look forward to working closely with AEW to bring this vision to life.”
For more details about this project and updates on its progress, stay tuned to our website and LinkedIn page.
LBS agrees 70,000 sq ft. lease with global law firm at Moorgate
We are proud to announce that the entire 70,000 square feet office component of 25 Moorgate, our landmark office development in the City of London, has been pre-let to global law firm Watson Farley & Williams for a 15-year term.
25 Moorgate is everything that retrofit should be. We have worked with the fabric of the original building to create a next generation workplace, designed with a focus on occupier wellbeing and sustainability. This is the second Net Zero Carbon office building we will deliver on behalf of our client Barings, who share our vision of the future of offices.
We are thrilled to contribute to the continued evolution of London’s office landscape. Learn more about our commitment to a sustainable future at 25 Moorgate here: 25moorgate.uk/sustainability
New lease agreed for 7,321 sq ft at Script, EC1
Coalition Greenwich has signed for 7,321 sq ft at Script, our development in Old Street.
A leading global provider of benchmarking analytics, Coalition has taken fully fitted office space on the second floor of the building, which is located near Old Street tube station, on a five-year lease.
LBS Head of Acquisitions, James Willson says: “LBS is delighted to welcome Coalition Greenwich as the latest tenant to Script. We continue to experience strong underlying demand from central London occupiers for high-quality buildings that offer outstanding amenity. This letting attests to the quality of Script’s design, location and strong ESG credentials.”
Peter Hall, co-head of Workthere UK, which secured the letting for LBS, added: “We are thrilled to announce the completion of another letting on behalf of our client – LBS is a forward-looking landlord working collaboratively with advisors and occupiers to provide innovative leasing solutions. This is the third fully inclusive letting we have secured at Script and the fifth in the City Fringe on behalf of LBS over the past year, underscoring the ongoing demand for high-quality managed spaces in London.”
Meet Jeanette Barnes, award-winning artist commissioned for TIDE
Amory Tower features in NLA Tall Buildings report
We’re immensely proud that one of our towers features in the latest
#NLATallBuildings report.
This special NLA 10-year anniversary edition profiles Amory Tower in the Isle of Dogs.
Access the full report: https://lnkd.in/eieTsw29
25 Moorgate tops out
Last week we celebrated the topping out of 25 Moorgate.
It’s an important milestone on this development, which is a great example of our commitment to sustainable development that goes beyond expectation. A class-leading retrofit, the project meets the very ambitious #LETI 2030 embodied carbon target.