Trio of lettings for Mitsui Fudosan and Stanhope at Angel Court
21st April 2017
Angel Court owners Mitsui Fudosan and Stanhope have confirmed three office lettings totaling more than 90,000 sq ft at their 300,000 sq ft prime office building in the City.
Leading the new lettings, health company Bupa has signed for 56,000 sq ft of space on a 15-year term on Angel Court’s lower floors. Bupa will move its global headquarters to Angel Court from its existing premises in Holborn, London, by the end of the year. Alongside this, a new financial services trade association, which will bring together six member organisations from across the UK, has signed for 25,000 sq ft on the building’s fifth floor. The as-yet unnamed body will bring together the Asset Based Finance Association (ABFA), British Bankers’ Association (BBA), Council of Mortgage Lenders (CML), Financial Fraud Action UK (FFA UK), Payments UK and the UK Cards Association (UKCA). The merger is an expansion of last year’s deal to bring together BBA, Payments UK, CML and UKCA and will be officially launched over the summer to coincide with their move to Angel Court in July.Finally, Chinese commercial bank Shanghai Pudong Development Bank has signed for 9,000 sq ft on a ten-year term at Angel Court. The bank has taken the entire 19th floor, which forms one of the building’s 18 upper ‘sky floors’, and boasts 360 degree views of the London skyline.
Angel Court, which completed in February, is one of only two towers to be delivered in the City this year and also features a broad FNB offering. Over the last six months, Mitsui Fudosan UK and Stanhope have confirmed deals with four new food and beverage occupiers including modern Peruvian restaurant Coya, the Natural Kitchen, specialty coffee and wine company Notes, and Tandoori-style barbecue restaurant temper.Commenting on the deals, Eiichiro Onozawa, managing director of Mitsui Fudosan UK, said: “These significant first lettings at Angel Court are a clear testament to the attractive, high quality accommodation we have delivered in the heart of one of the world’s most competitive and high-profile business centres. This building demonstrates our commitment over the long term to invest in and develop prime schemes across London, which cater to the evolving occupier market and set the bar for all developments which follow.”GM Real Estate, Cushman & Wakefield and JLL acted for Mitsui Fudosan UK and Stanhope. Cushman & Wakefield acted for the new financial services trade association and Shanghai Pudong Development Bank.