The Crown estate have today announced the signature of 4C Group, a global digital subscription foresight services provider, to office space at our AirW1 scheme, part of the Quadrant 3 development at the southern end of Regent Street. Quadrant 3 is now by rental value over three quarters let.
Commenting on the deal, David Shaw, Head of Regent Street Portfolio, said: "Signing 4C Group confirms Regent Street's position as the leading place to do business in the central West End. The fact that AirW1 is now three quarters let is testament to the quality of the building and to our long-term approach to business, an approach which has seen AirW1 come to market at a time when supply of this type of space in the core West End is extremely low."
Stephen Wilson, CEO, 4C Group said: "To keep ahead in today's fast-paced global market our services need flexible, state of the art facilities as well as a great location to meet customers when they are in London. With its ease of access and newly converted space, AirW1 provides that and more. We are greatly looking forward to moving in later this year."
AirW1 is the main office element of The Crown Estate's 270,000 ft2 Quadrant 3 development and comprises over 180,000 ft2 of prime Grade A office space over seven floors. It is the single largest new office building to come to market in the area for some time.
Quadrant 3 includes 60,000 ft2 of flagship retail and restaurant space, the 15,000 ft2 Prow office building and nine new homes. It has transformed the public surroundings by creating a large new pedestrian area on Glasshouse Street.
The scheme is part of The Crown Estate's £1 billion, 20 year investment strategy for Regent Street and embodies our commitment to sustainable development. It houses a combined cooling, heat and power (CCHP) unit with Europe's most energy efficient fuel cells; this will generate around 10-20 per cent of the energy needed for both Quadrant 3 and the redevelopment next door of the Café Royal as a 5 star hotel.