Press Release: London Executive Offices Expands West End and City Portfolio
28th October 2014
28 October 2014: London Executive Offices, a collection of five-star serviced and virtual offices in London, today announced that it has boosted its portfolio in the capital through the acquisition and leasing of new space across six prime buildings:
- 14 Curzon Street, W1
- 24 Berkeley Square, W1
- 8-10 Hill Street, W1
- 23 King Street, SW1
- 65 Sloane Street, SW1
- 85 Gresham Street, EC2
14 Curzon Street comprises 11,500 sq. ft. Constructed in 1999, and having recently undergone a full refurbishment, 14 Curzon Street is a striking, highly specified, office building arranged over lower ground, ground and five upper floors. It is located in the heart of Mayfair on the corner of Curzon Street and Queen Street, midway between Berkeley Square and Park Lane – a location recognized as being one of the most prestigious and exclusive areas in London. Savills acted for the landlord Ignis Asset Management* and Bailey Watkins for LEO.
24 Berkeley Square comprises 2,500 sq. ft. In the heart of Mayfair and part of the Berkeley Square Estate, this property is undoubtedly situated in one of London’s most sought-after locations. The building boasts extensive original features throughout, as well as stunning views over Berkeley Square Gardens. Bailey Watkins acted for LEO.
8 and 10 Hill Street comprise over 14,000 sq. ft. in total and are Grade II listed. Hill Street, just off Berkeley Square, is relatively peaceful and quiet despite being on the doorstep of some of London’s finest restaurants and hotels, as well as world class shopping facilities. The building has been comprehensively refurbished by the Berkeley Square Estate. GVA acted for the landlord and Bailey Watkins for LEO.
At 23 King Street, LEO occupies three floors in the building which were leased from Standard Life Investments Pooled Pension Property Fund, creating 23,700 sq. ft. of outstanding office accommodation. Refurbished to grade A specification by Standard Life Investments, the building benefits from an unrivalled location in St James’s, surrounded by luxury retail stores, several of London’s most prestigious private members clubs, and an abundance of world-renowned Michelin starred restaurants and hotels. The key features of the building include: secure underground car parking with lift services from the basement to all floors, enabling hassle-free, discreet access to the building, 24 hours a day, showers and bike racks, as well as 24 hour security presence. Savills acted for the landlord and LEO represented themselves.
65 Sloane Street comprises 5,000 sq. ft. and is a stunning managed property located in London’s exclusive Knightsbridge. The accommodation within this building is arranged over six floors, providing an intimate reception, stunning period features and highly desirable managed office space. This is the second profit share lease that the Cadogan Estate has agreed with LEO.
85 Gresham Street comprises 38,000 sq. ft. Formerly known as Guildhall House, due to its proximity to the City’s famous Guildhall, the building is situated in a prominent position in London’s banking heartland. Having recently undergone a full and comprehensive refurbishment, the building provides a range of office suites and facilities over six floors, set behind an impressive façade. Knight Frank acted for the City Corporation and CBRE for LEO.
The acquisition of these properties further solidifies LEO’s position as London’s most exclusive five-star serviced and virtual office accommodation provider, demonstrating the firm’s intensive growth strategy to expand its prime Central London portfolio.
Tim Giles, Chief Executive Officer, commented: ‘We are delighted to have acquired these first class buildings for our portfolio. Serviced office accommodation is attractive to a multitude of industries and the growth of mobile working is driving the need for highly serviced office space. Nowhere else in the capital can one have such a wide choice of locations coupled with highly-trained staff committed to delivering a five-star experience. LEO is the new standard’. * Standard Life Investments acquired Ignis Asset Management on 1 July 2014
For further information, please contact:
Sudha Bharadia, Head of Marketing
Tel: +44 (0) 20 7661 9913
NOTES TO EDITORS
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 30 properties, 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.
LEO’s portfolio spans Mayfair & St James’s, Knightsbridge & Belgravia, Midtown and the City and includes: Mayfair and St James’s: 8-10 Hill Street; 14 Curzon Street; 17 Cavendish Square; 18b Charles Street; 23 Berkeley Square; 23 King Street; 24 Berkeley Square; 28 Grosvenor Street; 29 Farm Street; 33 St James’s Square; 42 Brook Street; 52 Brook Street; 53 Davies Street; 67 Grosvenor Street; 78 Pall Mall; 84 Brook Street. Knightsbridge and Belgravia: 2 Eaton Gate; 45 Pont Street; 65 Sloane Street Midtown and the City: 1 Cornhill; 1 King Street; 148 Leadenhall Street; 15 Old Bailey; 16 Old Queen Street; 41 Lothbury; 60 Lombard Street; 85 Gresham Street; 288 Bishopsgate; Central Court; Hudson House
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