Real estate | 21 March 2016
Macfarlanes has advised property investor and developer Derwent London on the pre-letting of the entire office element of The Copyright Building, 30 Berners Street W1 to Capita Business Services Limited (Capita).
Capita has agreed to take 87,150 sq ft, comprising the ground floor reception of 1,500 sq ft and office floors one to seven. Capita will be taking a 20-year lease with no breaks, at an average office rent of £86 psf. The Copyright Building is located in Fitzrovia and in addition to the office space includes 20,000 sq ft of A1/A3 retail.
The Macfarlanes team was led by commercial real estate partner Steven Pitchford, with solicitors Paras Maalde and Rachael Ashton. Partner Mark Baldwin advised on the tax aspects of this matter.