INDUSTRY NEWS

New Look moves in to Mortimer Street

Fashion retailer New Look has agreed to rent offices from Great Portland Estates, Property Week has reported.

The chain will take 60,887 square feet in Great Portland’s development at Wells & Moore in London’s West End.

“To have let the majority of the office space to a company of New Look’s standing and reputation within days of finishing the building is a real testament to its quality,” said Toby Courtauld, chief executive at Great Portland Estates.

New Look will occupy the lower ground, ground and first three floors when it moves into its new offices in London.

The firm has agreed 15-year leases on the property and will pay £2.58 million a year, following an initial rent free period of 15 months.

Work finished on the development only last week. Property Week has reported four of the build’s six residential flats remain available.

Transport into offices in London is improving following the recent winter weather – Transport for London has said a good service is operating on most of its routes.
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