commercial property lambert smith hampton

News - 20/05/2014

LSH secures biggest West End letting of 2014

Lambert Smith Hampton has advised the BBC on a 20-year sublease of its 70,000 sq ft former office space at Henry Wood House to The Office Group Ltd - marking the largest completed office letting in the West End so far in 2014.

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LSH has been the property advisor to the broadcaster for 20 years.

This is the latest lease by The Office Group, which has been expanding its operations in London. The serviced office provider will take nine floors at 3-7 Langham Place, W1, the 16-floor office block located just south of the BBC’s newly redeveloped Broadcasting House.

Part of the BBC's reduction of its UK portfolio

The building had been part of the BBC’s property portfolio since the 1960s but the BBC vacated the premises as part of the review and ongoing reduction of its UK portfolio.

David Earle, Head of Central London Office Agency at LSH, said: "The Office Group’s sublease at Henry Wood House represents the largest office letting in W1 so far in 2014. The Office Group will now adapt and brand the offices in its own unique style.

Strong rental growth in the West End

"Q1 2014 has seen strong rental growth in Central London offices and particularly in the West End, fuelled by the strong growth in business confidence and a drop in supply."

The Office Group Ltd was not represented.

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