Rockspring leases a further 16,500 sq ft at The Harlequin Building, Southwark
Rockspring Property Investment Managers, in conjunction with development partners Moorevale Capital, has let 16,500 square feet of office space at the newly completed Harlequin Building, Southwark, London.
World Trade and Travel Centre has leased the ground floor office space totalling 3,285 sq ft for 10 years without a break, expiring July 2023 for GBP40 per sq ft. The fifth and sixth floor offices totalling 13,228 sq ft have been let to Metropress t/a ATG Media for 15 years with breaks in 2021 and 2023, achieving a rent in excess of GBP45 per sq ft.
This letting activity follows the leasing of the fourth floor to Maris and the ground floor retail space to Itsu earlier this year. With a further 14,591 sq ft of office space under offer, including the second and third floors, the letting process is well advanced with the final available space comprising 7,150 sq ft of office accommodation on the first floor.
The Harlequin Building is 50,000 sq ft in total and is located on the Southbank, between Waterloo and London Bridge, in the heart of an area of London that is seeing rapidly increasing demand from occupiers across a range of sectors.
Rockspring acquired 65 Southwark Street in February 2010 on behalf of the Rockspring UK Value Fund and commenced construction in March 2011.
Richard Bains, European director at Rockspring, says: “‘The signing of two more tenants at the Harlequin building, which takes current occupancy to over 60 per cent, underlines the quality of the building and reinforces our strategy of delivering grade A space into markets suffering from low supply. With further lettings to be announced shortly, we are confident that the building will be fully leased this year.”
Mike Probert from Moorevale says: “We’re delighted with the tenant demand which is reflective of the fantastic local amenity and infrastructure now available on the Southbank.”