INDUSTRY NEWS

Rowan secures first new tenant for London offices at Aldwych House

Property and fund management firm, Rowan Asset Management has secured its first new tenant since taking over the London office building, Aldwych House.

Having agreed a deal with Rowan, Nice4Work will occupy around 7,800 sq ft located on the property’s 8th floor, according to an article published by Property Magazine International.

Rowan, with GI Partners and Taurus, originally purchased the London office – which features 163,000 sq ft of office space –  for a fee in excess of £82 million.

The building, at the time of purchase, was 89 per cent let, with tenants including law firm Manches, and Associated British Ports.

Chief executive and founder of Rowan, Nick Jacobs, commented on the deal.

He said: “Aldwych House has enormous potential; our strategy is to undertake a major refurbishment and rebranding and re-position Aldwych House in the market.”

Built in 1926, Aldwych House was last renovated in 1988 and sits in the popular Midtown district – which is occupied by Goldman Sachs, Reuters and the BBC.

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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