Davies St, W1, Letting to Aedes UK

20 December 2007

Orchard Street Investment Management has let the entire fourth floor of its newly completed Mayfair office scheme at 75 Davies Street, London W1.

With the signing of the lease, to leading Italian property investment company Aedes UK Ltd for their new UK headquarters, the newly refurbished offices adjacent to Bond Street station are now 60 % let. The letting is at £95 per sq ft, and is for a 10 year lease, with a tenant break at the fifth year. The 75 Davies Street scheme has attracted considerable attention in the West End market with its stylish new reception area and state of the art facilities throughout. The second floor is already let to Stark Ltd – the major US Investment manager – as their UK headquarters.

The third floor remains available either as a whole at 13,000 sq ft, or in two separate suites of 9,700 sq ft, and 3,300 sq ft respectively. It is one of the largest floors available in the Mayfair market.

Chris Bartram, Chairman of Orchard Street Investment Management, commented

“We are very pleased to have concluded the letting to Aedes, and welcome them to the building. 75 Davies Street has proved itself as a good building for a wide range of occupiers. It has the capacity to accommodate trading room requirements as well as providing the necessary prestige for a corporate headquarters.”

Letting agents for the remaining floor are King Sturge and Cushman and Wakefield. Further information

can be seen at www.75daviesstreet.co.uk.

END

For more information:

Dido Laurimore/ Talia Shirion
FTI Consulting
+44 (0)20 3727 1000
osim [at] fticonsulting.com

Notes to Editors:

Orchard Street Investment Management

Established in 2004, Orchard Street Investment Management LLP is a leading specialist commercial property investment manager, focused on the UK market with £4.2 billion of AUM (as at 30 June 2022). It acts on behalf of institutional clients world-wide to advise on investing in and the active management of property assets, including industrial warehouses, retail warehouses, and offices.