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The Flexible Workspace Market
30 Broadwick Street, London W1
GKRE acquires 13,518 sq ft for LEO for new flexible workspace in 'the best new build in Soho'
Flexible workspace specialists GKRE has acquired the 4th floor at 30 Broadwick Street, Soho W1 on behalf of London Executive Offices ('LEO'), a leading provider of high quality serviced offices, virtual offices and meeting rooms.
The 13,518 sq ft space comprises the whole of the 4th floor of what is arguably the highest quality building in Soho. The building won the Best West End New Build 2017 at the OAS Development Awards and will be an impressive addition to LEO's established West End portfolio.
The building is in the heart of vibrant Soho and only a few minutes' walk to Tottenham Court Road station, soon to be served by the new Elizabeth Line. Other lettings in the building, owned by Great Portland Estates (GPE), have set record rents in Soho.
GKRE director Will Kinnear said: "We are delighted to have assisted LEO acquire space in what we believe is the best new building in Soho. It is a fantastic addition to LEO's already impressive portfolio and will cement its position as one of the leading providers of flexible workspace in London. This transaction is yet another example of the increasingly central role flexible space is taking in the commercial property market as the sector continues to expand. We expect this to continue in 2018, with more Grade A space being let to flexible space operators throughout London and the rest of the UK."
Beth Hampson, Commercial Director at LEO, said: "We are pleased to announce this strong addition that complements our rapidly expanding portfolio and strong occupier demand. 30 Broadwick Street was an obvious choice for our foray into a new area, particularly as the area is seeing increased demand from potential occupiers. We chose a building which has been completed to a very high specification, with arguably one of the best addresses in Soho. We are excited about this acquisition and look forward to announcing further successes in the near future."
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