Great Portland Estates (GPE) has let around 10,800 sq ft of fully managed office space at the recently refurbished 31 Alfred Place in Fitzrovia.
AI-powered advertising technology company Smartly has signed for 4,515 sq ft on the building’s first floor; digital marketing consultancy BBL/P has signed for 4,300 sq ft on the fifth and sixth floors; Casual Films, a production company specialising in brand video content, has signed for 721 sq ft and will occupy the ground floor; and a further 1,225 sq ft has been let to a multinational retailer, who required overflow space.
The space was let at an average rent of £222/sq ft and GPE said an additional 3,400 sq ft is currently under offer.
The 41,500 sq ft fully managed building provides eight floors of newly refurbished offices, with a communal roof terrace, private terraces on selected floors, a shared lounge, a meeting room suite and flexible wellness space.
David Korman, senior leasing manager at GPE, said: “We’re excited that leasing momentum continues unabated across our growing fully managed portfolio. These transactions average 8.6% ahead of ERV, comfortably ahead of our underwrite. The success here is also hot on the heels of our recent leasing success at SIX (St Andrew Street), which demonstrates strong customer demand for our premium fully managed workspaces.”
