Europa Capital, in partnership with Hobart Partners, has pre-let two floors totalling 30,000 sq. feet of its Fetter Yard office scheme to Marriott International on a new 15 year lease to house its Europe Continent office.
The office building at 86 Fetter Lane, EC4, will provide over 100,000 sq. feet of comprehensively refurbished Grade A office accommodation, while meeting the latest occupier requirements. Fetter Yard was acquired by Europa Capital in 2016 for Europa Fund V, in partnership with Hobart Partners, and the investment is in line with its value-add strategy across Europe.
The fully refurbished building will offer a new spacious double fronted reception, which is to include co-working areas, informal and formal meeting facilities, and access to a newly landscaped courtyard for occupiers and the general public to enjoy. Cycle bays, showers and changing facilities will also be provided at basement level. Europa Capital and Hobart are inviting interest in the remaining 65,000 sq. feet of refurbished office space.
James Fortescue, Partner at Europa Capital, commented: “Marriott International’s long-term commitment to this building demonstrates how innovative the new office design will be. We look forward to now repositioning this attractive building, which will provide our future tenants with a modern working environment.”
Sas Bhadra, Partner at Hobart Partners, said: “We are delighted to secure the commitment of Marriott International, who have been a long-standing tenant in the building. The fact that the world’s leading hotelier has committed to our building as their European headquarters, notably prior to their lease expiry date, is a testament to the excellent location and the high-quality product we intend to create.”
For further information, please contact:
Dido Laurimore/Richard Sunderland/Tom Gough/Eve Kirmatzis
Tel: 020 3727 1000
Notes to Editors:
About Europa Capital:
Europa Capital is an established real estate fund management group operating across Europe adding value through risk-based acquisition strategies and active asset management on behalf of its investors.
Since 1995, Europa Capital has collectively raised nine real estate funds and committed to over 130 transactions totalling more than €11.0 billion across 19 European countries.
The Europa Funds benefit from Europa Capital’s established network of partners across Europe who co-invest in acquisitions made by the Europa Funds. These country and joint venture partner relationships in some cases extend back more than 20 years.
Europa Capital is a member of Rockefeller Group International, Inc. (“RGI”), a subsidiary of Mitsubishi Estate Co. Ltd. RGI is a strategic investor alongside Management. Europa Capital Partners LLP and Europa Capital LLP are authorised and regulated by the Financial Conduct Authority.
Further information can be found at www.europacapital.com
About Hobart Partners:
Hobart Partners is a London based real estate company, established in 2016 by Jeff Harris and Sas Bhadra to acquire, manage and develop commercial real estate through joint venture structures. Hobart Partners (along with its Joint Venture partners) invests in complex and under managed assets, unlocking value through active asset management.