Demand for London luxury serviced offices remains strong
Landmark Plc, a provider of luxury serviced offices in London, has achieved a client retention rate of 92 per cent across its portfolio.
The company identified the statistic when launching the new eighth floor at its 125 Old Broad Street premises (pictured), where it has secured six new occupiers comprising a 77 per cent occupancy prior to opening in May.
In September 2013, Landmark Plc opened its serviced office, 48 Dover Street, which marked the company's first foray into the West End.
Richard Gill, managing director of Landmark, says: “Due to the continuous success and heightening demand for high-end serviced office space, it was a quick decision to add the eighth floor of 125 Old Broad Street to the Landmark Plc portfolio."
125 Old Broad Street is a heritage site, based on the site of the Old Stock Exchange. It has floor to ceiling windows, high-spec interior furnishings and a cityscape roof terrace exclusive for Landmark clients.
Dan Brown, business development manager at Jones Lang LaSalle, adds: “Landmark Plc sets the standard for serviced offices in the London market. 125 Old Broad Street is one of the most popular locations in the City, the level of fit-out is outstanding and the rates are extremely competitive – which explains the high levels of occupancy. I personally am delighted there is more space available in the building as it is a location that many occupiers want to view."
This latest serviced office acquisition takes Landmark's total workspace portfolio to 145,756 sq ft and 1,935 workstations. The company is targeting for a GBP20m+ turnover in the financial year 2014/15 and employs over 100 full- and part-time staff.
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