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Welput completes letting of 37,687 sq ft office space to The Office Group

The Welput fund, managed by Schroders Real Estate and advised by Grafton Advisors, has let the 37,687 sq ft office space at Orion House in Covent Garden to The Office Group for a rent of £62.50/sq ft (c. €70.6/sq ft). Welput was advised by Colliers International and The Office Group was advised by BNP Paribas Real Estate.

“We’ve been in discussions with The Office Group for some time now and were attracted by the style and quality of their offering which we believe fits in well at Orion House. The letting ties in with Welput’s comprehensive upgrade to the reception and tenant facilities within the building, ensuring that it is truly fit for purpose moving forward. Undoubtedly, our existing tenants within Orion House will see the benefit of the operational flexibility to their occupation that comes with sharing the building with The Office Group,” Ker Gilchrist, Property Director at Grafton Advisors, comments.

“The long term letting to The Office Group is testament to the quality of the building and appeal of the location to a diverse array of occupiers. Orion House is a high quality asset and this activity further enhances the defensive characteristics of both the building and the broader portfolio,”
Jourdan Rajwan, Investment Manager, Schroder Real Estate adds.