First tenant for Central Saint Giles offices
Legal & General Property has announced the exchange of contracts with Mindshare for their first office let in the distinctive Central Saint Giles scheme in central London.
Mindshare, a global media company and part of the WPP group, has signed-up for some 78,000 sq ft of floor space over the 7th and 8th floors in the commercial led, mixed-use scheme. Rental prices and the duration of the lease for the deal have not been disclosed.
Central Saint Giles is a mixed-use, 12-storey development located at St Giles between Covent Garden and Soho. The development, which was completed in April and officially opened at the end of May, 2010, offers private residential accommodation, restaurants and bars and approximately 408,000 sq ft of Grade A office space. It is a joint venture owned by Legal & General Property and the Mitsubishi Estate Company. The developers claim the building offers some of the largest office floor plates (43,000 sq ft) in London’s West End.
Described by Paul Finch, chairman of CABE as “one of London’s great commercial buildings, setting the standards by which office architecture should be judged”, the Central Saint Giles scheme has received mixed public opinion due to its striking appearance. Designed by Italian architect Renzo Piano – also the designer of The Shard at London Bridge Place – the building has a colourful exterior due to the 121,000 red, green, yellow and orange ceramic tiles that adorn the walls.
The building is highly energy-efficient and has achieved a BREEAM rating of ‘Excellent’ due to the implementation of measures such as using captured rain water to flush toilets and bio-mass boilers for heating.
The developers suggest that interest in office space within the speculative scheme is strong and further lettings are expected soon.
Agents for the scheme are Cushman & Wakefield and Jones Lang LaSalle.
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