Derwent London lets Greencoat Place location to Fora
Derwent London
2,168.00p
16:45 28/03/24
Property investment and development business Derwent London has let the entirety of its 6-8 Greencoat Place, SW1 location to flexible workspace provider Fora.
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The FTSE 250-listed firm let Fora the 32,400 square foot property, set to open in 2022, at an average price of £69 per square foot on a 15-year lease with no breaks.
Chief executive Paul Williams said: "We are pleased to welcome Fora, one of the UK's leading flexible workspace providers, to both 6-8 Greencoat Place and to our portfolio.
"We have created modern adaptable space while significantly enhancing the building's sustainability and longevity. This combination enabled Fora to make a long-term commitment, and they, in turn, will provide an important amenity for our surrounding occupiers."
As of 0920 BST, Derwent London shares were up 0.58% at 3,628.0p.