Office space at The Avenue becomes fully let six months after completion

23 October 2017

The office space at The Avenue, the new building on the corner of Bedford Avenue and Tottenham Court Road in London’s West End, is now fully let, just six months after completion.

Developed by Exemplar in conjunction with AshbyCapital and The Bedford Estates, and designed by Bennetts Associates, The Avenue – which Savills was appointed to market – provides 71,000 sq ft of high-quality office space and 14,000 sq ft of retail space over seven floors.  poignant

Office tenants at The Avenue include one of the world’s leading betting and gaming companies, William Hill – which let 30,000 sq ft as a hub for its tech and marketing operations – and global travel technology company Skyscanner – which occupies 24,000 sq ft across the top three floors of the building.

Peter Ferrari, Chief Executive of AshbyCapital, says: “We focus on investing in areas with strong long-term prospects, and particularly favour those set to be transformed by new transport infrastructure. With a new station, the West End project underway and Crossrail arriving next year, Tottenham Court Road has become one of London’s most exciting areas. A vibrant mix of business, retail and entertainment, it is a fitting location for modern, forward-thinking companies and we look forward to seeing our tenants thrive here.”

Michael Bucknell, Development Director at Exemplar, adds: “It’s a real achievement to be celebrating this milestone so soon after launching The Avenue. The scheme has been extremely popular thanks to the quality of the building, the range of local amenities and the renaissance of the area.”

The Avenue has a BREEAM environmental and sustainability rating of ‘Excellent’ and has achieved a Platinum WiredScore rating for its best-in-class technological infrastructure.

Following recent lettings, the retail line-up now includes luggage and travel accessories brand Samsonite, as well as Danish bakery Ole & Steen, British lifestyle brand Cath Kidston and Dutch homewares store Hema. There is now just one retail unit remaining, offering 4,180 sq ft fronting Tottenham Court Road. Agents for the retail space are CBRE and Nash Bond.

Savills was jointly appointed on the office space with CBRE.

 
 

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Tim Wadhams

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