Final space at 2 Cavendish Square let
Demonstrates continued appeal of Marylebone Village and demand for high quality office space.
The Howard de Walden Estate today announces that its 2 Cavendish Square office development, totalling 27,303 sq ft, is now fully let, after Asset Value Investors Limited (AVI Limited) has taken a ten-year lease for the final 3,245 sq ft of the Grade A office space.
Asset Value Investors (AVI) was established in 1985 and specialises in investing in family-controlled companies, closed-end funds and asset backed situations. They will be relocating from their current office in St James’s.
Five floors of the development, totalling 18,219 sq ft, was let to leading private healthcare provider, HCA International on a 15 year lease in Autumn 2020, while existing tenant, Orion Capital Managers, retained occupancy of the top two floors.
The development comprises eight floors, including new cycling and changing facilities, and private terraces, and is the latest offering in Howard de Walden’s diverse, high quality portfolio of office buildings.
GN2 and Gerald Eve acted as agents for The Howard de Walden Estate.
Head of Commercial Lettings at The Howard de Walden Estate, Richard North commented:
“We’re delighted to have secured an exciting new occupier at 2 Cavendish Square, resulting in a fully let space. At over 27,000 sq ft, it is one of Howard de Walden’s largest commercial developments, so this is a significant announcement for us.
“Here at Howard de Walden, we’re well placed to meet the changing demands of employers and employees as we continue to navigate the pandemic. Tenants are now looking for better quality environments to work in, where the destination is somewhere people want to be rather than have to be. Marylebone remains a thriving location for businesses of all types and sizes and we look forward to welcoming our new tenants to the area”.
