Bank of Ireland deal sees ‘fully occupied’ signs go up at 26 Cross Street
Real estate consultancy OBI has announced that the historic 21,500 sq ft 26 Cross Street is now fully let, following on from OBI leasing the final office suite of 1,351 sq ft to Bank of Ireland.
Located in the St Ann’s conversation area, the Grade A boutique office building provides contemporary work space with high level specification including air-conditioning, fully accessible raised floors and shower facilities to each floor.
OBI is sole leasing agent on behalf of owner Quay Estate Co and advised them earlier this year on the purchase of the building for £11.5m, representing a yield of 5.5%.
Following Quay Estate Co’s acquisition, OBI has concluded four new lettings and has increased the headline rent from £22.50 per sq ft up to the final letting of £32.00 per sq ft.
OBI has secured four new deals including Republic of Media moving from its existing office into a full floor, and three new tenants: Bank of Ireland, Walker Smith Global and GDP Funding.
Debbie Meredith, transactions and asset management, OBI, said: “It is great to be able to announce 26 Cross is fully let and we are pleased to welcome further new tenants into the building, increase the rents and add real value to the building.
“It is testament to what a great space 26 Cross Street is, with its Grade A specification embracing the original character of the building and combined with its contemporary finishes only adds to its success.
“The building has continued to attract high quality occupiers from a variety of sectors.”
Other occupants at the building are: Closeview, Worldwide Tickets, Mayoral UK, Tosca, Fund Asset Management, 3D Reid, Henry Boot Developments, Stowe Family Law, Workr Group, GDP Funding and Sainsburys retail who occupy the part ground floor.
