VR Capital and Ferrari commit to west London development.
Ashby Capital has agreed two leasing deals totalling 8,000 sq ft with VR Capital Group and Ferrari Group at The Kensington Building.
The deals mean the fourth floor of the building is now fully let.
VR Capital, an alternative asset manager focused on distressed securities and special situations investments, has taken 4,273 sq ft. Ferrari Group, a specialist in the secure shipping of jewellery and precious goods, has taken a 3,735 sq ft office space.
While Ashby Capital declined to comment on the rent, industry sources suggest the level is around £120/sq ft blended across the two lettings.
Both companies are moving from existing office locations in London and will join investment manager Ilex Capital on the fourth floor of the building, as well as second-floor tenant EssilorLuxottica.
Following the latest lettings, 46,393 sq ft of office space remains available across three floors at The Kensington Building. They include the 20,000 sq ft third floor and the 23,000 sq ft first floor.
Completed in 2022, The Kensington Building is the first new headquarters office building in Kensington in over 35 years.
“There is strong interest in the remaining space, highlighting the ongoing popularity of high-quality office space in well-connected, balanced communities.
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Agents for the building are Cushman & Wakefield and EiA Real Estate.