g8 acquires best in class Mayfair office building for Landmark at 117 Piccadilly W1
g8 Consult, the leading flexible workspace consultancy firm, has acquired a best in class Mayfair self-contained office building of circa 13,000 sq.ft for clients, Landmark Space, at 117 Piccadilly London W1.
117 Piccadilly is a historic building located on top of the old Down Street tube station, which was discreetly used by Winston Churchill during WWII. The building offers communal meeting rooms, a kitchen, a private terrace on the fifth floor, and excellent end-of-commute facilities, including self-contained and secure bike racks, as well as changing facilities and showers.
The building’s proximity to world-renowned restaurants, bars, hotels, and galleries is enviable, and there are unrivaled luxury retail opportunities surrounded by tranquil green spaces. Transport connectivity is excellent with numerous surrounding underground stations including Green Park, Bond Street, and Hyde Park Corner.
Over the past two years, the building has undergone a substantial refurbishment and upgrade throughout, and now provides 'best in quality' office space, with stunning impressive features including:
· Impressive large ground floor reception and lift lobby
· New Cat A specification office floors
· 6x showers
· Secure bike racks (within storage vaults)
· 2x WCs on each floor (1x on Ground)
· Feature first and second floors with superb floor to ceiling heights
· 'Ball Room' extension on second floor with circa 4m floor to ceiling height
· Fifth floor roof terrace overlooking Piccadilly / Green Park
The space comprises 7 private floors from 650 square feet to 2,300 square feet, and Landmark are looking for occupiers who need a high level of privacy, discretion and prestige.
It is understood that Landmark have taken a new 10 year lease at a commencing rental of circa £1m Pax subject to a market rent free incentive package.
“We are thrilled to have acquired this quality building for our valued clients Landmark,” said Douglas Green, Managing Director of g8. “The building’s rich history, combined with its modern amenities and excellent location not to mention it's EPC B32 certificate, make it the perfect space for businesses looking for a prestigious address in the heart of Mayfair.
Keith Janes, Property Director at Landmark, commented: "This stunning property aligns perfectly with our growth strategy. Having opened in prime locations in Victoria and Kings Cross over the last 18 months, further expansion in Mayfair was a natural next step for us. With its unrivalled location and luxurious design, we believe this property will quickly become a sought-after destination for those seeking the best in flexible workspace."
Andrew Knights, Head of Agency at The Lorenz Consultancy, who represented the building owners, said: “Having undertaken a comprehensive refurbishment programme to create best quality space to meet current demand trends, our objective was to secure a letting of the whole building to a single tenant, and felt that the property would appeal to the luxury flex operators.
Having worked with Douglas previously we felt his knowledge of the flex industry and client base was ideal for an off-market approach. We are delighted this strategy led to securing a letting to a superb nationally recognised operator of exceptional quality.”
