LaSalle lets over 4,000 square feet at 1-4 Connaught Place in London’s West End
LONDON February 17, 2015 – LaSalle Investment Management has agreed to a new 15-year lease with shipping agency C.M. Lemos and Co. Ltd. for 4,196 square feet on the fourth floor of Grade II listed 1-4 Connaught Place in Marble Arch, London, at a rent of £66.50 per square foot.
The 43,458 square feet end-of-terrace office building was refurbished to its Grade A status in 2009, and consists of accommodation arranged over the lower ground, ground and five upper floors.
Situated on the southern side of Connaught Place with far reaching views of Hyde Park, the building is within close proximity of Oxford Street to the east and Connaught Village immediately to the north, which provides an enclave of fashion boutiques, art galleries and restaurants.
Marble Arch Underground Station Access on the Central Line is a 2 minute walk from the property, while Paddington Underground & Rail Station is a 15 minute walk to the North West.
Gary Player, Head of London Business Space at LaSalle Investment Management, said: “C.M. Lemos and Co. is the UK subsidiary of one of Greece’s most established shipping companies. 1-4 Connaught Place is a desirable choice for occupiers looking for a modern and efficient workplace in a traditional prime central London location. Connectivity is an important consideration for businesses when relocating, so the building’s proximity to the London Underground coupled with the introduction of Crossrail at Paddington and Bond Street stations creates an attractive proposition for potential occupiers.”
LaSalle was advised by Colliers; C.M. Lemos and Co. Ltd. was advised by Savoy Stewart.
About LaSalle Investment Management
LaSalle Investment Management, Inc. (together with its global investment advisory affiliates, “LaSalle”) is one of the world’s leading real estate investment managers. LaSalle on a global basis manages approximately $58 billion as of Q4 2017 of private and public equity and private debt investments. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle Investment Management, Inc. is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Incorporated (NYSE: JLL), one of the world’s largest real estate companies. For more information please visit www.lasalle.com.
This information is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made by means of a private placement memorandum. Past performance is not indicative of future results.