Addington Capital has let an additional 20,000 sq ft of office space to Mott MacDonald at 10 Fleet Place in London.
The global engineering consultancy has been a tenant of 10 Fleet Place since 2011 and last year it signed for 19,884 sq ft on the first floor of the building on a lease until 30 April 2040 and re-geared its lease on the second floor, where it occupies 19,888 sq ft, to run to the same date
The company will pay a headline rent of £68.50/sq ft on its new fourth floor space which will be refurbished in line with its office space on the first and second floors. Following completion of the latest deal, Mott MacDonald will occupy circa 60,000 sq ft in the building on leases running to 2040.
Addington Capital is the asset manager for the property on behalf of Hong Kong-based The Crosby Group, which acquired it in 2015.
David Dalrymple, partner at Addington Capital, said: “We are delighted Mott MacDonald has increased its footprint and long-term commitment to 10 Fleet Place and will now occupy around 60,000 sq ft on long leases. The ongoing success at 10 Fleet Place is down to the demand for high quality space in Midtown and the City, particularly as businesses try to recruit and retain the best staff.
“We have invested heavily during the past three years to vastly improve the buildings environmental credentials, internal finishes and wider facilities of the building to make it significantly more attractive. Following the completion of this lease the building is now 96% let and the remaining office/retail space is all under offer. We have a list of blue chip and respected tenants, all on favourable lease terms.”
