New Marylebone offices for sports media firm

MP & Silva take three floors at 30 St George Street, W1

Article posted: 07 Dec 2011

Sports media company MP & Silva has signed up for new office space in Marylebone, W1 at 30 George Street. The firm will occupy 5,264 sq ft of accommodation over three floors on a five-year lease at a rent equating to £67.50 per sq ft

30 St George Street is now fully let following major refurbishment works undertaken by owners O&H Properties on the 6,400 sq ft West End property. Gallery Eykyn MaClean acquired 1,200 sq ft on the ground floor earlier this year.

According to a recent report from Cushman and Wakefield many businesses are looking to relocate from office space in the West End in 2012 with the market for office space in areas such as Clerkenwell and Shoreditch, EC1 and EC2 set to benefit most.

With many companies adopting a 'wait-and-see' attitude towards property decisions in 2011, it is expected that the market for office space in London will benefit from some of the resulting pent-up demand next year. When asked about their organisation's strategy in 2012, just under half of London companies (49%) described it as one of opportunistic growth and just under one-fifth (17%) will be looking for aggressive growth.

Strutt and Parker acted on behalf of O&H Properties, MP & Silva was unrepresented.

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Posted by Sara