Ropemaker Place offices fully let

Deal quartet also sees full occupancy of retail units

Article posted: 17 Jul 2011

British Land has announced that Ropemaker Place, one of the most sustainable buildings providing retail and office space in the City of London, is now fully let with the completion of three retail unit deals to Cycle Surgery and food operators EAT and POD. In addition, Markit, the global financial information services company which already occupies 85,000 sq ft, has taken up its option on the final 22,000 sq ft of office space within the development which means this major City building is now 100% let in record time.

In a deal that resonates with the development’s industry leading green credentials, Cycle Surgery will occupy a 3,705 sq ft ground floor unit at the corner of Chiswell Street and Finsbury Street. Meanwhile EAT and POD have taken 2,465 sq ft and 1,355 sq ft of space at the building respectively, providing a valuable amenity for both occupiers at Ropemaker Place and people in the surrounding area. 

Completed in May 2009, the 20-storey Ropemaker Place development is rated BREEAM “Excellent” and was the first building in Europe to achieve pre-certification for LEED “Platinum”.  British Land achieved its first letting at Ropemaker Place in April 2009, one month prior to the building’s completion, when Bank of Tokyo-Mitsubishi UFJ and Mitsubishi UFJ Securities International secured 187,000 sq ft of space. In addition to Markit, British Land has since concluded deals at Ropemaker Place with Liberum Capital, Mint and Macquarie Group. The building’s 594,000 sq ft of office space in the Square Mile is now fully let.

Speaking about the deals Paul Burgess, Head of London Leasing at British Land commented: “We are very pleased to announce that the building is fully occupied. The speed at which these lettings have been achieved is testament to the building’s attractive, flexible design and industry leading green credentials as well as its ability to meet the diverse and demanding needs of major occupiers.”  

One of Europe’s largest Real Estate Investment Trusts, with total assets, owned or managed, of £14.9bn British Land’s property portfolio is focused on prime retail locations and office space in Central London which attract high quality occupiers committed to long leases. Office space in the West End and City of London comprises 32% of the portfolio (rising to an estimated 37% on completion of current development).

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Posted by Sara