1st February 2017: London Executive Offices (LEO), today announced that it has boosted its portfolio in the capital by completing the lease of the ninth floor in Nova South a prime building in Victoria: Nova South, Victoria, SW1.
The ninth floor at Nova South has been acquired on a 17-year lease directly from Land Securities and will boost the LEO’s portfolio to circa 745,000 sq. ft. of 5-star office space.
Nova South is a prime Victoria asset on the doorstep of one of the capital’s business transport hubs. LEO offer premium buildings in first-class locations, including 1 Cornhill, 23-24 Berkeley Square, 33 St James’s Square and 78-79 Pall Mall, 33 assets in total. London Executive Offices (LEO) is the capital’s most exclusive collection of 5 star Serviced and Virtual Offices in prime Central London – Nova South compliments LEO’s overall growth strategy to expand its prime Central London portfolio.
Nova South, located opposite Victoria rail station is designed to the highest specification. The transaction takes the total scheme (retail and commercial) to 40% let. The ninth floor also benefits from a stunning roof terrace that enjoys views over the surrounding area. At ground floor level Nova Food delivers 17 restaurants and three pop-ups alongside a significant public realm. Nova Food brings chefs such as Jason Atherton, Adam White and Will Ricker to Victoria ensuring a great selection of options for both business meeting venues as well as private dining.
Beth Hampson, Sales and Marketing Director, commented: ‘We are delighted to have struck a deal to occupy the ninth floor of such a distinguished building in this exciting and vibrant growth area of London. We are proud to present the capital’s most exclusive Serviced Office, Virtual Office, Meeting Room and Event Space portfolio and when looking for our next key location there was little doubt about Victoria being a desirable area in which to secure out next asset.
“The appetite for offices in Victoria is high, the discerning commuter will soon benefit from the £700 million upgrade to transform Victoria station into a state-of-the-art transport hub.”
The building played a large part in the decision to gain a further presence in SW1, with Nova South offering prime office space in the area which has many high-profile shops, restaurants, bars, and other eateries.
We are confident the ninth floor at Nova South Victoria will become the destination for businesses looking to find a 5 star Serviced, flexible office solution, Virtual Office, Meeting Room or Event space in the heart of SW1.”
Kaela Fenn-Smith, Head of Commercial at Land Securities, said: “We’re delighted that London Executive Offices has chosen to let space at Nova, Victoria. By taking the ninth floor of Nova South, LEO and their customers will enjoy beautiful views from a stunning roof terrace as well as benefiting from direct access to a huge range of dining options on the ground floor with Nova Food.
“This partnership is especially exciting because LEO is set to create new meeting spaces which our other customers in Nova – including recruitment, media and private equity companies – can flex in and benefit from, all adding to Nova’s appeal as a vibrant business hub.”
LEO and Land Securities both represented themselves with Cushman & Wakefield and Knight Frank as the retained agents for Land Securities.
London Executive Offices (‘LEO’) is a leading provider of luxury office accommodation and high quality Serviced Offices, Virtual Offices and Meeting Rooms. LEO’s premium portfolio, located in Prime Central London, consists of 33 properties including Nova South, ranging from listed period buildings to modern purpose-built offices. The portfolio has been assembled over the past 20 years and is made up of owned, leased and managed buildings. Across its portfolio, the Group has over 3,000 customers ranging from large blue chip organisations to well-funded infant companies. LEO replicates a big company infrastructure for its clients, providing a range of state-of-the-art technology, business support and administrative functions at an efficient cost for smaller working groups.