Demand for Luxury Serviced Offices Remains Strong

Landmark announces:
- 92% client retention rate
- 77% pre-lets on new additional 11,108 sq ft floor at 125 Old Broad Street

Landmark Plc, the provider of luxury serviced offices in the Capital, has achieved a client retention rate of 92% across its portfolio.

The Company identified the statistic when launching the new 8th floor at its much-celebrated 125 Old Broad Street premises, where they have successfully secured 6 new occupiers comprising an impressive 77% occupancy prior to opening next month, May.

The Company achieved success at the prestigious BCA industry awards last November for collecting the “Business Centre of the Year” award for its flagship location, Heron Tower.

In September 2013, Landmark Plc opened its serviced office, 48 Dover Street, which marked the Company's first foray into the West End.

With a 14 year proven track record in the commercial property sector, Landmark Plc understands its clients' needs and recognises the importance of a professional, supportive workplace environment, which is conducive to its clients' business growth.

Exceptional standards of client service is an absolute priority, and Landmark Plc provides the services of a Client Liaison Officer in every centre to ensure all day-to-day business needs are met.

Richard Gill, managing director of Landmark, says: “Due to the continuous success and heightening demand for high-end serviced office space, it was a quick decision to add the 8th floor of 125 Old Broad Street to the Landmark Plc portfolio.'

125 Old Broad Street is a heritage site, based on the site of the Old Stock Exchange. With floor to ceiling windows, high-spec interior furnishings and a cityscape roof terrace exclusive for Landmark clients, 125 Old Broad Street has always achieved healthy occupancy and
retention rates.

Dan Brown, business development manager at Jones Lang LaSalle, adds: “Landmark Plc sets the standard for serviced offices in the London market. 125 Old Broad Street is one of the most popular locations in the City, the level of fit-out is outstanding and the rates are extremely competitive – which explains the high levels of occupancy. I personally am delighted there is more space available in the building as it is a location that many occupiers want to view.'

This latest serviced office acquisition takes Landmark’s total workspace portfolio to 145,756 sq ft and 1,935 workstations. The Company is targeting for a £20m turnover in the financial year 2014/15 and employs over 100 full- and part-time staff.

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