Land Securities secures letting at Nova, Victoria to London Executive Offices
1 February 2017
Land Securities has let 22,505 sq ft at Nova, Victoria to London Executive Offices (LEO).
The transaction, which sees LEO secure the entire ninth floor at Nova South on a 17-year lease, takes the total scheme (retail and commercial) to 40% let.
Combined, Nova South and Nova North are delivering 480,000 sq ft of grade A office space to the landmark site opposite Victoria station. Nova, Victoria is a mixed-use scheme which also comprises 170 high-quality apartments and Nova Food at ground level, featuring 17 new restaurants, three pop-up kiosks and two acres of new public realm. Top chefs including Jason Atherton, Adam White and Will Ricker are opening at Nova Food, giving businesses based in the offices an unrivalled choice of business meeting venues as well as private dining options.
Kaela Fenn-Smith, Head of Commercial at Land Securities, said: “We’re delighted that London Executive Offices has chosen to let space at Nova, Victoria. By taking the ninth floor of Nova South, LEO and their customers will enjoy beautiful views from a stunning roof terrace as well as benefiting from direct access to a huge range of dining options on the ground floor with Nova Food.
“This partnership is especially exciting because LEO is set to create new meeting spaces which our other customers in Nova - including recruitment, media and private equity companies – can flex in and benefit from, all adding to Nova’s appeal as a vibrant business hub.”
Beth Hampson, Sales and Marketing Director, commented: ‘We are delighted to have struck a deal to occupy the ninth floor of such a distinguished building in this exciting and vibrant growth area of London. We are proud to present the capital’s most exclusive Serviced Office, Virtual Office, Meeting Room and Event Space portfolio and when looking for our next key location there was little doubt about Victoria being a desirable area in which to secure out next asset.
“The appetite for offices in Victoria is high; the discerning commuter will soon benefit from the £700 million upgrade to transform Victoria station into a state-of-the-art transport hub.
“The building played a large part in the decision to gain a further presence in SW1, with Nova South offering prime office space in the area which has many high-profile shops, restaurants, bars, and other eateries.
“We are confident the ninth floor at Nova South Victoria will become the destination for businesses looking to find a 5-star Serviced, flexible office solution, Virtual Office, Meeting Room or Event space in the heart of SW1.”
LEO and Land Securities both represented themselves with Cushman & Wakefield and Knight Frank as the retained agents for Land Securities.
For further information, please contact:
Teneo Blue Rubicon, on behalf of Land Securities
020 7260 2700
Senior Marketing Manager, LEO
020 7661 9162
NOTES TO EDITORS
About Land Securities
Land Securities is the UK’s largest listed commercial real estate company. Our £14.4 billion portfolio totals 23.6 million sq ft and includes some of London’s most desirable office buildings and the UK’s most successful shopping and leisure destinations.
In London, we own and manage a portfolio totalling more than £8.2 billion. Our relentless customer focus delivers vibrant working environments, both in our developments and through thoughtful asset management, which resonate strongly with businesses looking to attract and retain top talent. In the City, our 1.7 million sq ft of real estate includes the award-winning New Ludgate scheme, and the landmark 20 Fenchurch Street. In the West End, our expertise in placemaking and public realm has seen the transformation of Victoria, SW1 into a vibrant destination that is attracting global businesses and visitors alike.
In Retail, our commitment to creating an outstanding consumer experience, combined with the strength and resilience of our 17.5 million sq ft of assets, means we provide the space where consumers want to shop and retailers want to be, both now and in the future. Our focus on collaborating with our retailers and anticipating consumer needs not only delivers an unrivalled experience for our customers, but our footfall and sales figures consistently outperform the industry benchmarks.
Whether in offices or retail, sustainability is key to everything we do. For us, being a sustainable business means ensuring Land Securities remains healthy and successful for years to come. To achieve this we need the support of our customers, communities and partners. That’s why we lead the way on sustainability in the UK listed real estate sector by focusing on three key areas: creating jobs and opportunities through our award-winning Community Employment Strategy, which has over 800 disadvantaged people into employment since 2011; efficient use of natural resources; and sustainable design and innovation.
Land Securities delivers value for our shareholders, great space for our customers and positive change for our communities.
About London Executive Offices
London Executive Offices (‘LEO’) is a leading provider of luxury office accommodation and high quality Serviced Offices, Virtual Offices and Meeting Rooms. LEO’s premium portfolio, located in Prime Central London, consists of 33 properties including Nova South, ranging from listed period buildings to modern purpose-built offices. The portfolio has been assembled over the past 20 years and is made up of owned, leased and managed buildings. Across its portfolio, the Group has over 3,000 customers ranging from large blue chip organisations to well-funded infant companies. LEO replicates a big company infrastructure for its clients, providing a range of state-of-the-art technology, business support and administrative functions at an efficient cost for smaller working groups.
LEO’s portfolio spans Mayfair and St James’s, Marylebone, Knightsbridge and Belgravia, Kensington and Chelsea, Midtown and the City and includes:
Mayfair and St James’s: 8-10 Hill Street; 14 Curzon Street; 16 Old Queen Street; 23 Berkeley Square; 23 King Street; 24 Berkeley Square; 28 Grosvenor Street; 29 Farm Street; 32 Curzon St; 33 St James’s Square; 42 Brook Street; 52 Brook Street; 53 Davies Street; 67 Grosvenor Street; 78-79 Pall Mall; 84 Brook Street
Marylebone: 17 Cavendish Square; 21 Gloucester Place
Knightsbridge and Belgravia: 2 Eaton Gate; 45 Pont Street; 65 Sloane Street,
Kensington and Chelsea: Michelin House - 81 Fulham Road
Midtown and the City: 1 Cornhill; 1 King Street; Octagon Point - 5 Cheapside; 148 Leadenhall Street; 15 Old Bailey; 41 Lothbury; 85 Gresham Street; 288 Bishopsgate; Central Court - 25 Southampton Buildings; Hudson House – 8 Tavistock Street