Thu, 26/07/2018 - 10:46
Barings Real Estate has secured the final two lettings for the third and fourth floors of its recently refurbished Grade II Listed office building at 8 Waterloo Place in St James’s, London.
Brewin Dolphin Limited, a UK-based leading wealth manager, has expanded its presence at 8 Waterloo Place by leasing the entire third floor comprising 5,479 sq ft for a term of 10 years. This is in addition to the second floor letting to them that was secured in December 2017. Combined, Brewin Dolphin now leases a total of 10,788 sq ft across the second and third floors.
In addition, Harbour Litigation Funding Limited, the UK’s largest provider of litigation funding, finance and arbitration, has let the entire fourth floor of 4,570 sq ft for a term of 10 years.
Since acquiring 8 Waterloo Place on behalf of clients in 2014, Barings has undertaken a major refurbishment programme to restore the historic features of the property and to create a high quality, modern office space. The property is rated BREEAM Excellent and was shortlisted for the BREEAM Awards 2017 in the Offices (Refurbishment and Fit-out) category, and was also shortlisted for the Office Agents Society Awards 2018 for Best West End Refurbishment/Regeneration.
Charles Weeks, Head of Real Estate – Europe at Barings, says: “With the final two lettings at 8 Waterloo Place we have completed our journey to refurbish and restore what is now a truly special building in an enviable St. James’s location. In what is only a little over a year since completion of the scheme, we have repositioned the market’s perception of the asset, brought in both domestic and international occupiers and achieved our aspirations for high level rents. The strong interest we saw for each letting made the complex nature of this project a worthwhile endeavour to undertake for both the community and on behalf of our investors. ”
The leasing agents for office space on this project were Agile Real Estate and JLL, and Colliers International advised on the restaurant letting. JLL acted for Brewin Dolphin and REM Roberts acted for Harbour Litigation.
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