INDUSTRY NEWS

Bride Street office now 55 per cent let

Having undergone an extensive redevelopment, the London office space located at 10 Bride Street has been let out to three new tenants.

Measuring 55,000 sq ft, just over 55 per cent of the building has been let out to the International Bar Association, Gas Strategies and the legal firm, Goodman Derrick LLP, by owner Development Securities.

Goodman Derrick LLP have taken 16,000 sq ft, the International Bar Association 8,300 sq ft, and Gas Strategies, a further 3,500 sq ft.

Meanwhile, a retail unit located on the lower floor of the building is currently under offer to the operator of a restaurant.

Each floor of the Bride Street property provides 9,000 sq ft of office space – redeveloped to a grade A standard.

Development Securities have also recently announced that they’ve received £50 million of funding from the Scottish Widows Investment Property Trust for a possible development at Hammersmith Grove – which could see around 275,000 sq ft of new London office space constructed.

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.