Terrace Hill is pleased to announce that it has
successfully let more than 22,000 sq ft of office and retail space at
its recently completed 60,000 sq ft mixed-use development at 129 Wilton
Road, Victoria, SW1. Terrace Hill has leased the sixth, seventh and
eighth floors of the building to E.ON UK Plc, one of the world’s
leading energy companies, and the ground floor retail unit to UK
sandwich chain Pret a Manger. E.ON has signed a 10-year lease for 19,857 sq ft
over the three floors, at rents ranging between £68.50 and £72.50 per
sq ft. At among the highest rents recorded in Victoria, this letting is
a clear indication of the demand that exists for high quality space in
the area. Pret a Manger has taken 2,179 sq ft of retail space
on a 15-year-lease on the ground floor of the double fronted
development, located adjacent to London’s Victoria Station on Wilton
Road. The unit will produce an annual rent of £100,000 (£82.09 per sq
ft zone A). As a result of these latest lettings, there are now five floors of offices remaining of 8,000 sq ft each. Terrace Hill completed development works on schedule
in March 2008. Previously a 1960s office/car park the property now
comprises eight storeys of new office and retail space, with a
12-storey residential block to the rear, together with a 20-space car
park. In line with Terrace Hill’s policy of promoting
sustainable development, 129 Wilton Road incorporates a number of
features such as ground source heat pumps, designed to lower energy
use, thereby helping it to achieve a BREEAM and Eco-Homes "very good"
rating and meet the GLA’s guidelines for renewable energy. For further details please contact Rob Lane or Ben Rodgers.
News Article
2nd Sep 2008
Terrace Hill Signs E.ON and Pret a Manger at 129 Wilton Road