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Steward building

TH Real Estate sets record rent at The Steward Building, E1

TIAA Henderson Real Estate (TH Real Estate) has secured its first office occupier at The Steward Building in E1, London.

Cognolink Limited, a primary research provider that connects investors and businesses to critical intelligence, has acquired the top three floors of the building at a rent of £70.00 per sq ft - setting a new benchmark for rents in E1.  

The Steward Building is owned by TH Real Estate’s Central London Office Fund and has been designed by award winning architect Allford Hall, Monaghan Morris. This striking building combines cutting edge design with architecture that is sympathetic to its sensitive location at the edge of the Spitalfields Market. This 57,000 sq ft (5,300 sq m) mixed-use scheme has attracted interest from a broad range of occupiers and was launched earlier this year. The retail units have been fully let to Anthropologie, COS and Hotel Chocolat equally setting new prime rents for the City market.  

The three remaining office floors, each of 9,600 sq ft, are currently available for lease. Details of the building can be found at www.thestewardbuilding.com  

Knight Frank and Savills advise TH Real Estate – Bond Woodhouse represents Cognolink Limited.

Disclaimer
Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services. The value of investments and any income will fluctuate (this may be partly be the result of exchange rate fluctuation) and investors may not get back the full amount invested. Where opinions have been expressed, they are based on current market conditions and are subject to change without notice.

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