British Land completes first letting at Marble Arch House

9th May 2014 07:21

FTSE 100 property group British Land has completed its first letting at Marble Arch House in the West End, after Fulcrum Asset Management signed a 10-year lease to occupy the 9,000 sq ft fifth floor of the building. Fulcrum has agreed to pay a rate of £78.50 per square foot (sq ft) and is due to move into the building over the summer.James Danby, Director of London Leasing at British Land, said: "Signing our first letting to Fulcrum Asset Management is a significant milestone in the development of Marble Arch House. "It is evidence of the building's high quality and its excellent location, within touching distance of Mayfair, attracting a significant occupier from the asset management industry. We anticipate further strong demand for space at the building moving forward."The building, which was launched a month ago, comprises 61,200 sq ft of new high quality office space over seven floors. British Land entered into an agreement with The Portman Estate to purchase and redevelop Marble Arch House in 2011. NR