By RUTH LYNCH
Wainbridge has signed construction firm Bechtel to take up headquarters at one of its London office buildings.
The private real estate investment and asset management firm has signed Bechtel to take up 75,000 sq ft of its London office building FC200.
Based in Park Royal, north west London, and offering a total of 160,000 sq ft of London office space, the building was first acquired in September 2011 for Â£16m on behalf of Wainbridge Global FC200 Limited (WGFL). This marks the signing of the first tenant for the office space.
Wainbridge Limited principal and co-founder, Rob Rackind, said: “This is one of the largest lettings in the West London corridor this year and Bechtel’s decision to relocate to FC200 reflects the very high quality of the space on offer at the property, its affordability, and the ease of access via nearby transport links.”
Bechel Corporation is the largest engineering and construction company in the US and is based out of San Francisco. ItÂ celebrated 60 years of working in the UK in 2012 and will look to move from its old office in Hammersmith in June 2014..
Following this letting, WGFL will now look to undertake a huge Â£3.5m fit out of the remaining space as it looks to draw in more tenants.
Mr Rackind added: “The letting represents successful delivery of our strategy for the property, leveraging the Wainbridge team’s property expertise and knowledge of the market to create an attractive office destination and drive value at the scheme.
“We are currently seeing growing momentum behind occupier demand in this part of West London, where Grade A office supply is limited, and have therefore taken the decision to undertake the remainder of the fit out in anticipation of capturing this demand through further lettings in the coming months.”
By: Kirsty MacGregor
News bought to you from DeVono, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.
"Having appointed DeVono in March 2016 to find our next high profile London office from 2018, we have not been disappointed with their high level of service and meticulous attention to detail from the very first day, through to signing the Agreement for Lease and beyond. They assured us during the tender process that they would be right by our side all the way through and not just appointed to “do the deal” and this is exactly what we received."
"Our experience with DeVono and you specifically could not have been better. It was a relief to have an expert negotiating on our behalf and, most importantly, sticking with a long and difficult assignment."
"“We are delighted have found a home at Seven Dials Warehouse and commercial real estate framework that is not just fit-for-purpose now, it enables us space to grow in the future. DeVono has helped us to realise our ambition of providing a sustainable and ‘appropriate’ long term home for the business.”"
"I must also comment that the service received from DeVono has been exemplary. In what I have experienced to be the unpleasant world of estate agency it has been a real joy to work with you. You have been driven, proactive, reliable and extremely quick and responsive. The fact that you are pleasant to work with has been a bonus. Working with DeVono has been one of the very best customer experiences of my business career."
"With the myriad tools available to brokers, for me, the key ingredient to a successful partnership is how acutely our needs are heard and translated into action. The entire team at DeVono deciphered our ambitions with patience, pragmatism and good humour. Not only did they present options that answered the questions I had, they provided alternative directions informed by their local expertise, which, being based in the USA, was vital for me to be able to make solid, well-informed decisions. I would not hesitate to recommend."
Thank you for signing up to Property AlertsOk