Barings agrees Brewin Dolphin lease at Waterloo Place
Barings Real Estate Advisers has let the second floor of its restored Grade II Listed office building at 8 Waterloo Place in St James’s in London to Brewin Dolphin Holdings plc.
Brewin Dolphin’s new space comprises 5,309 sq ft and a ten year lease has been agreed at a rent equivalent to GBP102.50 per sq ft.
The debut office letting at 8 Waterloo Place follows an agreement last year with Imperial Treasure St James’s to take the basement, ground and mezzanine floors of the building to bring its Asian fine-dining offer to London for the first time, building on the success of its Shanghai restaurant which has two Michelin stars. The restaurant is scheduled to open in the Autumn.
No8 Waterloo Place dates back to 1910 and the long leasehold interest was acquired by clients of Barings in 2014. A major programme of refurbishment and repositioning works was recently completed, including the restoration of historic features, creating exceptional modern office space with fine period detailing. A visual highlight has been the installation of a large scenic glass passenger lift, while the BREEAM Excellent building benefits from many sustainable features and was shortlisted for the BREEAM Awards 2017 in the Offices (Refurb and Fit-out) category.
Ian Mayhew, Managing Director at Barings Real Estate Advisers, says: “The fact that Brewin Dolphin has chosen our prestigious building for its West End expansion highlights the attractiveness of what we have created in the heart of St James’s. Having carefully restored this Grade II Listed building we are now receiving high levels of interest and look forward to reporting further lettings progress in due course.”
Barings Real Estate Advisers is part of Barings LLC, one of the world's largest diversified real estate investment managers. The company actively invests in the private and public equity and debt markets. It provides advisory services in core, value-add and opportunistic investments for institutional and other qualified investors worldwide.