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Steward building

TIAA Henderson Real Estate secures debut city entrant for the Steward Building, E1

TIAA Henderson Real Estate (TH Real Estate) has secured Anthropologie, COS and Hotel Chocolat for its Steward Building in E1, London.

Headline Zone A’s of £335 per sq ft have been achieved, setting a new prime rent for the City market. Anthroplogie and COS will take the anchor stores of 510 sq m and 404 sq m respectively. It represents a debut into the city market for Anthropologie, marking its fourth UK store.

The Steward Building is owned by TH Real Estate’s Central London Office Fund. Located close to the edge of the Spitalfields Market site, it comprises a new 5,300 sq m mixed-use scheme, designed by award winning architect, Allford Hall Monaghan Morris. It incorporates three retail units fronting Brushfield Street and 4,300 sq m of grade A office accommodation with additional roof terraces overlooking Bishops Square.

The office accommodation, attracting strong interest from potential occupiers, will be officially launched on 26 February 2015. The scheme has been designed to achieve BREEAM Excellent in line with TH Real Estate’s commitment to the delivery of high quality and sustainable office products.

Ilna Patel, Portfolio Manager at TH Real Estate said: "These new lettings introduce some exciting retailers into the City market. We are delighted that two such leading fashion retailers have chosen our site to further their footprint across London. The pricing achieved is testament both to the strength of the expanding retail demand, and to the building itself, ideally situated in one of London’s most dynamic sub-markets. “The Steward Building represents a great addition to the Spitalfields area and will make a valuable contribution to our own Central London portfolio. Our focus is now on the leasing of the office floors and we look forward to our official launch in February this year.”

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