Strutt & Parker - Offices Letting - London, 1 Cavendish Place

Date: 03 Mar 2004

O & H Properties, advised by Strutt & Parker and Godfrey Vaughan, has let almost half of 1 Cavendish Place, a new 2,136 sq m (23,000 sq ft) grade A office development off Regent Street. Three separate deals*, totalling 936 sq m (10,070 sq ft), were concluded on 10 year leases at levels around the quoting rent of £404 per sq m (£37.50 per sq ft).

Eli Shahmoon of O & H Properties comments:
“We are aware that there remains considerable demand for high quality accommodation and consequently have provided a grade A office development.”

Alex Walters of Strutt & Parker’s West End Department comments:
“We’re pleased to have secured the quoting rent of £37.50 per sq ft in such a competitive market but believe this still represents the best value for such high spec office accommodation. We are seeing a great deal of interest in the remaining three floors.”

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