AXA Investment Managers (AXA IM) and Morgan Capital Partners has agreed terms to lease 9,881 sq ft of offices at 20 Saint Andrew Street, EC4A, on a 15-year lease, to business lounge and meeting space provider The Clubhouse.
Located in Holborn Circus and close to Chancery Lane and City Thameslink stations, the scheme at 20 Saint Andrew Street has recently undergone a full development to deliver 52,000 sq ft of offices across nine-storeys. Additions include four terraces, passenger lifts, cycle spaces, an air conditioning system and a reception area.
This latest deal brings the number of lettings in the building to five. A total of 18,532 sq ft remains on levels 3 to 5 with quoting rents in the region of £65 per sq ft.
Founded in 2012, The Clubhouse’s offering at Saint Andrew Street is scheduled to open in June 2018 and will complement existing sites in Mayfair, St James’s and Angel Court in the City.
Nick Grosse at Morgan Capital Partners said: “The popularity of the building within the London occupier market is a testament to the quality of product and offer we have delivered. 20 Saint Andrew Street sits in an area where creativity and commerce meet and is an increasingly dynamic and diverse destination for both work and play. We look forward, with confidence, to the next lettings milestone.”
Adam Blaskey at The Clubhouse added: “This will be our first base in Midtown, hot on the heels of our successful launch at Angel Court in November last year. The Clubhouse is going from strength to strength as the popularity for business-focused clubs grows amongst industry leaders and out-of-town professionals looking beyond coffee shops for a convenient and sophisticated space to host meetings.”
Colliers International and BNP Paribas RE advised Morgan Capital Partners and AXA IM.
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