Manchester United score in Mayfair
Top Premier League team Manchester United are about to make their latest signing, although this time office space is the target.
Market reports indicate that the London-based sponsorship department of the football club have outgrown their existing offices in Pall Mall and are relocating to offices at Five Stratton Street, Mayfair. The club are rumoured to be paying a rental price of approximately £80 / sq ft for the premium, Grade A offices.
Five Stratton Street (pictured) is a traditional building that has a fully refurbished interior. The building offers just under 700 sq ft of office floor space at ground level with 7 upper floors offering a total floor space of 77,670 sq ft. Suites are available from 625sq ft to 57,745 sq ft. Largest floor plates are 11,560 sq ft. The top floor is used as residential accommodation. Manchester United are expected to take a whole floor within the building.
The building is owned by a division of Schroders called the West End of London Property Unit Trust (WELPUT). WELPUT was granted planning permission for the scheme in 2007 and also received permission for associated applications for cleaning of the Portland stone and minor amendments to the building exterior. The refurbishments were completed in late summer, 2009. The offices have a BREEAM rating of ‘Very Good’. The building is Grade II Listed and was once the London town-house and gardens of Baroness Burdess-Coutts.
Leasing agents for the speculative scheme are DTZ and Strutt & Parker. Rental prices are available upon application.
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