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25/08/2010

Derwent Announces Letting Of Charlotte Building

Derwent London has announced that the Charlotte Building in London is now fully let following the 7,400 sq ft letting to LinkedIn Europe Ltd, an Internet platform company focused on connecting the world’s business professionals.

LinkedIn has taken the entire first floor on a 10-year lease at a rent of £0.35 million per annum with an option to break after five years. They will join Converse, Unanimis, Icon Entertainment and Brandopus as tenants in the building.

The 47,000 sq ft Charlotte Building is set over seven floors around a landscaped courtyard and is the work of architects Lifschutz Davidson Sandilands. It was completed in October 2009 and has already been recognised with two prestigious awards - the British Council for Offices award for Best Commercial Workplace in London and the South East and the Royal Institute of British Architects award for architectural excellence in London.

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John Burns, Chief Executive, Derwent London, commented: "We are delighted to welcome another progressive company to the Charlotte Building. This new

development is a good example of our design-led regeneration work, replacing an inefficient, out-dated building with exciting new offices set within attractive public realm. We are pleased that rental levels have moved forward from the initial letting and that tenant incentives have reduced. The building is located adjacent to our recent Central Cross acquisition, just to the north of Oxford Street. This is a locality in which Derwent London has major holdings and one which we have identified as offering significant growth."

(CD/GK)

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