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Farebrother - Dewynters takes space at the Duchy of LancasterÂ’s Wellington House, London

 

Wellington House


 

Wellington House- In The Heart of London


 


2013 Q1 London Midtown Office Leasing market update



2013 Q1 London Midtown Office Investment market update
(EuropeNewsWire.Net, April 29, 2013 ) London, UK -- Dewynters, one of the World's leading live arts and entertainment marketing specialists, has relocated and taken space over three floors at the Duchy of Lancaster’s newly-refurbished Wellington House on The Strand, WC2.



The company, which is moving from Leicester Square, has agreed a ten-year lease on 14,317 sq ft (over the 5th, 6th and 7th floor) at a blended headline rate of £55.75 per sq ft, making it the biggest ever single letting by the Duchy. The leasing agents are farebrother and CBRE.



Renowned for their global marketing campaigns, Dewynters has a wide variety of entertainment sector clients, such as Les Miserables, The Lion King, The Phantom of the Opera and Wicked and major companies such as the Royal Shakespeare Company and Stage Entertainment. Dewynters also works with venues including The O2 Arena to market events such as the British Military Tournament, the Barclays ATP World Tour Finals and The Wembley Cup.



Sarah Hall, Managing Director of Dewynters said “Wellington House offered us both the prime location and quality we required for our relocation. Its a great space and we are looking forward to our move and a new exciting chapter in Dewynters’ history.”



Paul Clarke, Chief Executive Officer and Clerk of the Duchy of Lancaster said “Our recent major investment in Wellington House has maintained its position as a prime asset. With the refurbishment, we were confident in attracting some significant names. Dewynters is one such name; an established global player, integral to the thriving entertainment industry we have here in London. Wellington House gives them premium office space right in Theatreland and we know they will continue to thrive in this location.”



Mark Anstey, Partner at Farebrother, who brokered the deal with Dewynters added,

“This is one of a few buildings in Midtown to offer this standard of accommodation. It is proving to be very popular due to its interior’s superior quality, efficient floor plates and prime location – right in the buzz of London’s creative core. The top floor roof terrace was also a real attraction for Dewynters and not surprisingly we had a number of parties looking closely at these top floors.”



Wellington House is located on the corner of Strand and Lancaster Place in the heart of London. The Duchy of Lancaster recently invested over £9 million in a refurbishment of the building, which offers some 40,000 sq ft of premium Grade A office space. The refurbishment project was managed by Greycoat.



Wellington House spans seven floors including a new top floor featuring a terrace with stunning views of the River Thames and London skyline. Refurbished to the highest specification, the building also includes a remodelled and extended reception area and flexible office space with floors ranging from 3,880 – 5,568 sq ft.



The Duchy of Lancaster was founded in the 13th century, and is a private portfolio of land, property and assets held for the Sovereign in right of His or Her Duchy of Lancaster. Today, The Duchy of Lancaster is custodian of 18,700 hectares across England and Wales, including key urban developments, historic buildings, high-quality farmland and areas of great natural beauty.



The Queen, as Sovereign, is entitled to the income from the Duchy Estate but not the capital or any capital gains which must be preserved for future Dukes of Lancaster.



About Farebrother:

Farebrother is an established, multidisciplinary practice of property advisers and surveyors whose core business is to provide office, residential and retail brokerage, investment, lease advisory, valuation and management services to occupiers, investors and developers. Based in Central London, Farebrother specialise in London Midtown and Southbank markets. A private practice since 1799, three partners have become Lord Mayor of London. The Practice acts for funds, estates, property companies, occupiers and private individuals, including PRUPIM, the CBI and City of London.



For further information, please visit http://www.farebrother.com.

Farebrother

David Perry

2074054545

enquiries@farebrother.com

Source: EmailWire.Com
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