INDUSTRY NEWS

London office space at Heron Tower less than 25 per cent full

Having seen completion nearly six months ago – back in March – Heron Tower is thought to be less than a quarter full, according to an article published by Reuters.

More positively, the building’s owners, Heron International, have announced four new tenants including Lithuanian bank, Snoras and City Credit Capital.

With London office space spread across a total of 36 floors, the property, measuring 230-metres tall, currently has occupants on just eight and a half floors.

The owners have moved to quell any fears, stating that there was still significant interest in around a third of the skyscraper’s space.

Managing director of property development at Heron International, Peter Ferrari said: “Interest in the development remains strong and we look forward to announcing further lettings in due course.”

Some expert analysts have been less positive, stating that a deal to let more than 100,000 sq ft of Heron Tower, before the end of 2011, was unlikely.

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