Triangle partners with Savills

Triangle partners with Savills to let three floors of office space at its 36 Dover Street property.

Triangle, the specialist international investment, development and asset management group that actively manages properties on behalf of private investors, today announces that with its letting agents, Savills, it has let the third, fourth and fifth floors at 36 Dover Street, London W1S (“the Property”).

Savills has successfully secured two tenants on 10 year leases for the Property. The third floor, which totals 2,618 sq ft, will be occupied by Hampden & Co plc and the fourth and fifth floors, which comprise a combined 3,635 sq ft in total, will be leased by a private equity investment management company. Triangle carried out a complete refurbishment of the property earlier this year and realised £95 per sq ft for these lettings.

36 Dover Street is a prime piece of real estate which also houses Victoria Beckham’s flagship store on the ground and first floors.

Matthew Littler, Head of Asset Management, Triangle Group commented:

“We are extremely pleased to announce these two lettings. It is clear that the investment Triangle made on behalf of its investors in the refurbishment of the property earlier in 2015 has been justified by achieving a premium price per square foot.”

Andrew Wedderspoon, Associate in the Central London team at Savills, added:

“Dover Street is a prime Mayfair location characterised by a mix of headquarter office buildings, high end luxury retail and exclusive residential accommodation. These latest lettings and the rents achieved are testament to the strength of location and the quality of refurbishment within the office building.”

About Savills

Savills is one of the world’s largest real estate firms. Established in 1855, we now have over 30,000 employees in over 600 offices and associates throughout the Americas, Europe, Asia Pacific, Africa and the Middle East. Through our advice, our property management capabilities and the transactional services we help our clients to fulfil their real estate needs – whatever and wherever they are.

Savills UK operates across 134 offices nationally and services the full spectrum of the real estate sector through our 150 different service lines. We provide
a complete range of property solutions throughout the lifecycle of any real estate asset nationwide.