INDUSTRY NEWS

Ophir Energy set to relocate to 123 Victoria Street London office

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Ophir Energy is the latest firm to move into new premises at a key Victoria London office building.

The FTSE 250 oil and exploration company has struck a deal with Land Securities to occupy 18,000 sq ft of London office space at 123 Victoria Street. The firm will relocate from its current Mayfair headquarters as a result of the agreement.

This latest deal takes the total occupancy of the 200,000 sq ft building t0 93% – with 17,000 sq ft still available to let.

Land Securities head of leasing, Kaela Fenn-Smith, said: “We are delighted to welcome Ophir Energy to 123 Victoria Street. Their decision to move from Mayfair and choose Victoria as their new home reflects the area’s ever-increasing reputation as a vibrant destination for forward-thinking companies.”

The office building underwent major internal and external renovation work back in 2012 and is now home to a number of firms including CDC, US software company Intuit and CPA Global.

Luxury British fashion house Jimmy Choo also moved into 123 Victoria Street following the revamp. The shoemaker opted to relocate from its Kensington office to occupy 37,000 sq ft of office space.

Land Securities has been heavily involved in the Victoria area of London over the last few years. It has invested in a major £2.2bn redevelopment of the area, creating a development called Nova Victoria, which is set to be open to the Asian market later this month.

By: Kirsty MacGregor

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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