Aviva Investors has pre-let circa 31,500 sq ft of office space to Sona Asset Management at its Pegasus development in London’s Mayfair.
The asset management firm will occupy space across the first three upper floors of the building and following completion of the deal almost 50% of the building’s office space has now been pre-let.
Pegasus Mayfair is a heritage-led redevelopment of Pegasus House and Nuffield House, two historic buildings on the corner of Piccadilly and Sackville Street.
When complete, the building will provide approximately 60,000 sq ft of office space spread across six floors in addition to six residential apartments and nearly 14,000 sq ft of commercial space at street level.
Ed Atterwill, head of Central London at Aviva Investors, said: “Pegasus, Mayfair is the sixth Central London development being delivered by Aviva Investors over a three-year period and demonstrates our ability to deliver a best-in-class mixed-use development that can attract leading brands, whilst remaining sensitive to the historic character and value of the original buildings.
“We’re delighted to reach an agreement with Sona Asset Management, which we believe shows the continued strength of London’s core office market and the ability of well-developed, high quality assets to attract leading companies. This is a great example of rejuvenating assets at risk of becoming outdated and turning them into flagship schemes that are ready for the future. We believe doing so will mean it continues to contribute to long-term outcomes for investors.”
