Landmark Plc Debuts in West End

Landmark Plc - 48 Dover Street
Landmark Plc - 48 Dover Street

Recently, OfficingToday reported on the expansion plans of Landmark Plc – now, the London-based supplier of flexible workspace has announced its acquisition of a new location, which marks #6 in their portfolio and the company’s first foray into the West End, with more to come…

Landmark Plc, the leading provider of premium rated serviced offices in the City of London, is expanding into the West End for the first time.

A deal has been signed for two floors at 48 Dover Street, London W1, providing Landmark with 15,329 sq ft of high-quality office space in the heart of Mayfair.

Landmark was advised by GM Real Estate.

Landmark Plc, which was established in 2000, already has five serviced office centres in iconic City buildings: Heron Tower, Old Broad Street, Lombard Street, Royal Mint Court and Holland House, opposite the Gherkin Piazza.

Richard Gill, managing director of Landmark, says: “This is our first centre outside the City and marks the beginning of our ‘West End Group’ which we aim to grow to mirror the success of the City Group. Because of our strong track record, we have been presented with some exciting opportunities and Dover Street meets our criteria for contemporary, boutique offices in a highly accessible location.

“The company’s large investment in staff over the last 18 months has resulted in a great team and a strong organisational structure to support growth plans.”

Kerry Evans, business development manager at Jones Lang LaSalle, adds: “The West End is currently experiencing limited availability of high-end office space and there haven’t been any new serviced office centres in the area for quite some time. Landmark’s entry in this much-in-demand location should therefore be welcomed.

“Having placed clients into the Landmark Plc city portfolio and been given excellent feedback on the product and service they have received, we are confident that Landmark will replicate this at their new West End site.”

Interior design and fit out company M+A London will create space to accommodate 220 workstations at 48 Dover Street over a six-week fit out ahead of a launch date for the new serviced office centre of November 2013. In keeping with Landmark’s first-class service ethos, clients will also have access to three meeting rooms and breakout areas, kitchens on both floors, cycle racks, changing facilities and basement parking.

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48 Dover Street was bought by Crosstree in June this year. It purchased the 51,783 sq ft office, retail and residential block from Royal London Asset Management for £83.5m.

The offices are let to Stone Harbor Investment Partners, Soco International and Renshaw Bay, with Landmark taking the last two available floors. Designed by Squire and Partners, the six-storey building has a very good BREEAM rating

This latest serviced office centre takes Landmark’s total portfolio to 170,329 sq ft and 2,284 workstations in six buildings. The company is on target for a £17m+ turnover in the financial year 2014/15 and employs over 100 full- and part-time staff.

About Landmark PLC

Landmark Plc, established in 2000, has a 13 year track record of operating at the high-end of the commercial property sector. Now operating six serviced office centres in the City of London and West End; totalling 170,329 square feet and providing 2,284 workstations.

Landmark’s 6 centres in prime locations offer flexible terms in prestigious surroundings and provide executive boardrooms, meeting rooms, training facilities and virtual offices. The centres incorporate luxury designer furnishings, works of art from Landmark Plc’s s 400 piece collection, plus items from its collection of 125 tin toys from the early 1900s.

The company’s large investment in staff over the last 18 months has resulted in a great team and a strong organisational structure to support growth plans. Employing over 100 full and part time staff, Landmark Plc centres include; Heron Tower, 125 Old Broad Street, Holland House, 1-6 Lombard Street, and Royal Mint Court and 48 Dover Street.

Landmark Plc places great emphasis on the importance of client led service provision in a hitherto landlord\tenant relationship within the sector. The result is that we have an impressive client retention rate.

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