Rare new Midtown office refurbishment gets underway

Cordea Savills appoints letting agents on 90 Chancery Lane office scheme

Article posted: 29 May 2011

On behalf of the Charities Property Fund, Cordea Savills has appointed Midtown specialists Farebrother as letting agents for Denning House, 90 Chancery Lane, London, WC2. The 30,000 sq ft property is undergoing a major refurbishment to its six floors, which will complete in December 2011, bringing much needed high quality office space to London’s Midtown.

Harry de Ferry Foster, Fund Director said: “We have seized the opportunity to significantly upgrade this asset and re-release the property back into the Midtown market as the HMCS’s new court facilities open and vacancy rates remain at a low level.”

Alistair Subba Row, Managing Partner at Farebrother commented: “Office supply in Midtown has been falling for the last three quarters and will continue to fall in 2011 as take-up remains solid. Developers and investors should feel confident that new and refurbished space will let well.”

Chancery Lane itself has just undergone a £1m public realm facelift supported by The Chancery Lane Association with local businesses, Camden Council, The City Corporation and Transport for London. In close proximity, the new Commercial Courts at The Rolls Building, Fetter Lane, EC4 are due to open this summer.

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Posted by Jo