Standard Life signs double letting

Standard Life Investments Pooled Pension Property Fund has completed two lettings in London and Liverpool. Firstly it has agreed a 10-year lease at 10 Fenchurch Street in the City with US business management software provider, Apptio. The deal was completed just a few months after the space became available last September. The 7,163 sq ft office meets Apptio’s requirement as it continues to expand in the UK. Tim Davies of Gryphon Property Partners acted for Standard Life Investments, while Bond Woodhouse represented Apptio. Secondly, the fund has leased 5 St Paul’s Square in Liverpool to Denholm Global Logistics, one of the UK’s largest UK logistics companies on a 10-year lease. The company is relocating to the property, taking a 7,400 sq ft floor and five car parking spaces. David Stewart, fund manager of the Standard Life Investments Pooled Pension Property Fund said: “These deals underline the strength of the assets within the fund which continues to deliver robust returns for investors.”