Demand drives 170 Piccadilly past 73% let

Summary by AI BETAClose X

Great Portland Estates plc has announced that 170 Piccadilly is now over 73% let or under offer, following the letting of over 6,200 sq ft. A facilities management company has taken 1,644 sq ft on the sixth floor East, and a global automotive technology company has leased 4,585 sq ft on the fourth floor. These lettings were achieved at an average rent of £294 per sq ft, which is 5.9% ahead of the estimated rental value, indicating strong demand for the Fully Managed offer.

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