Great Portland Estates JV pre-lets space at Wigmore Street site

Property group Great Portland Estates has announced that its 50-50 joint venture (JV) with Scottish Widows Investment Partnership has pre-let 40,000 square foot to Lane Clark and Peacock in its development at 95 Wigmore Street, west London.

Property group Great Portland Estates has announced that its 50-50 joint venture (JV) with Scottish Widows Investment Partnership has pre-let 40,000 square foot to Lane Clark and Peacock in its development at 95 Wigmore Street, west London.

Lane Clark and Peacock will occupy the first to third floors in the nine-storey building and will take a fifteen-year lease, paying a total of £3.1m per annum, equating to an average of £77.50 per sq ft for the office space, although it will receive 28.5 months' rent free from the lease commencement.

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