Aviva Investors and Ashby Capital have signed up global wealth and asset manager London & Capital to let the second floor at 2 Fitzroy Place, part of their mixed-use development in London’s Fitzrovia.
London & Capital has taken a lease to occupy 12,866 sq ft at the scheme and is believed to be paying £79.50/sq ft on a 10-year term.
The deal leaves just one office floor with space unlet – 12,866 sq ft on the fourth floor, which has a quoting rent of £85/sq ft.
The office, which is already home to occupiers including Allfunds Bank, LendInvest, Volterra Fietta and Bakkavor, is part of a two-building scheme, with 1 Fitzroy Place fully let to cosmetics firm Estée Lauder. “This letting, and the popularity of Fitzroy Place more generally, highlights the enduring appeal of London’s West End,” said Peter Ferrari, chief executive of Ashby Capital.
“Having invested in Fitzroy Place and The Avenue which recently completed on Tottenham Court Road and is part-let to Skyscanner – we have a huge amount of confidence in this vibrant area and look forward to welcoming London & Capital to the building.”
Fitzroy Place also includes a new public square, together with 289 apartments and 19,700 sq ft of retail and restaurant space.
JLL and CBRE are letting agents at 2 Fitzroy Place. Gerald Eve represented London & Capital.