Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has successfully let the last available space at St. George’s House, Wimbledon to Coty, the global beauty products manufacturer, who has agreed to a 10 year lease.
Coty, which has been a tenant of the building for over 10 years, has agreed to occupy a further 13,156 sq ft of space on the first floor of the landmark Grade A office building at a rent of £47.50 per sq ft, satisfying its expansion requirements, following the acquisition of Proctor & Gamble’s cosmetic, fragrance and haircare brands. This latest letting brings St. George’s House up to full occupancy following its purchase by Orchard Street in March 2015.
Jamie Munday, Asset Manager at Orchard Street, commented:
“Following our investment into the Wimbledon office market last year we are very pleased to have let this prime office asset, reinforcing our belief in the strong occupational demand for this attractive London sub-market. Coty’s decision to expand its operations within St. George’s House highlights the appeal of the building to high quality tenants, situated as it is close to the train station and all the shops and amenities that Wimbledon town centre offers to corporate occupiers.”
Bray Fox Smith and CBRE acted on behalf of Orchard Street.
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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. It acts on behalf of institutional clients world-wide to advise on investing in and the active management of property assets, including industrial, retail warehouses, offices and shopping centres. Orchard Street currently has assets under management exceeding £4 billion.