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London Executive Offices today announced that it has expanded its serviced office portfolio in the City of London by completing the lease of three floors at One King William Street, EC4.
The top three floors of One King William Street has been acquired by flexible workspace operator, London Executive Offices, on a 15-year lease. The building adds approximately 29,500 sq ft of space and boosts the LEO portfolio to 785,000 sq ft of five star office space.
Situated in the heart of the City, the striking corner building has been extensively refurbished by UD Europe and Kajima to provide 100,000 sq ft of luxurious Grade A office space. LEO have acquired the fifth, sixth and seventh floors, the top three floors in the building.
The accommodation includes a 4,300 sq ft private roof terrace on the seventh floor that provides spectacular views over the Bank of England and across the City.
The core City market has been an important part of the LEO offering for many years. One King William Street compliments a collection of attractive City addresses that include 1 Cornhill, 5 Cheapside, 85 Gresham Street and 148 Leadenhall.
Beth Hampson, Sales and Marketing Director at LEO commented: “The acquisition of One King William Street is a tremendous addition to our City portfolio and further consolidates our position of the capital’s most exclusive serviced office provider.
“This distinctive and highly appealing building, that has been designed by 2015 RIBA Stirling Prize winners AHMM, benefits from a modern interior and flexible floorplates and brings a new dynamic to our Bank cluster. Our City portfolio runs at an extremely high occupancy and we foresee the same success for our new addition.”
The latest acquisition fits in with LEO’s overall growth strategy to expand its prime central London portfolio, which so far in 2017 includes the lease of 9th floor at Nova South, Victoria.
LEO join NTT Europe Ltd in the building, leaving just the third and fourth floors available, with the fourth floor benefiting from a terrace. UD Europe and Kajima are represented by Cushman and Wakefield and CBRE, LEO were represented by CBRE.
About London Executive Offices:
London Executive Offices (‘LEO’) is a leading provider of luxury office accommodation and high quality serviced office space, virtual offices and meeting rooms. LEO’s premium portfolio, located in Prime Central London, consists of 34 properties, ranging from listed period buildings to modern purpose-built offices. The portfolio has been assembled over the past 18 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 small start-up 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.
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LEO’s portfolio spans Mayfair and St James’s, Knightsbridge and Belgravia, Midtown and the City, Marylebone, Kensington and Chelsea, Victoria and Westminster.
