INDUSTRY NEWS

Lastminute.com take up Midtown office space

Popular online travel and leisure retailer, Last Minute Network Limited (more commonly known as lastminute.com) have revealed that they have agreed a deal with Derwent London to rent office space in London.

The deal will see Last Minute Network Limited take up 22,300 sq ft of office space at the Johnson Building – located at 77 Hatton Garden – on a ten-year lease.

Having been vacated by a previous tenant, Last Minute Network Limited will be situated on the third floor of the building, paying a rental fee of £42.50 per sq ft – a figure that will see Derwent London receive just under £1 million per annum (£950,000).

Commenting on the deal John Burns, chief executive at Derwent London, stated: “The redevelopment of the Johnson Building was completed in 2006 and is one of Derwent London’s flagship schemes.

“We are delighted to welcome Lastminute.com to this high quality Midtown property where they will be joining well-known occupiers such as Grey Communications and Thomson Reuters,” Mr Burns added.

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

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