REG - Great Portland Ests. - GPE announces HEINEKEN UK signs new office lease

Great Portland EstatesAnnouncement

10/12/2024 07:00

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RNS Number : 4129P  Great Portland Estates PLC  10 December 2024

10 December 2024

 

GPE announces that HEINEKEN UK has signed a new office lease for 17,000 sq ft
at wells&more, W1

 

Great Portland Estates plc (GPE) has today announced the letting of the second
floor office space at wells&more, W1 to HEINEKEN UK, the UK's leading
beer, cider and pub company.

 

HEINEKEN UK has committed to a 10-year lease over 17,000 sq ft of recently
refurbished, best-in-class office space and is due to move in early next year
on a Ready to Fit basis. The new lease is a continuation of GPE's strong
relationship with the company, as they are relocating from Elsley House, W1 -
another GPE office. The move will enable GPE to create a further five Fully
Managed units and amenity space at Elsley House in the newly vacated space,
further growing its cluster of Fully Managed spaces in Fitzrovia.

 

Rob Russell-Smith, GPE Senior Portfolio Manager commented: "We are delighted
to welcome HEINEKEN UK to wells&more. This latest letting is evidence of
how our strong customer relationships, combined with a flexible, well-located
portfolio, allow us to work together with our customers to meet their
requirements as they evolve. Furthermore, this move will enable us to actively
unlock space in Elsley House, enhancing our Fully Managed offer in Fitzrovia,
where we are tapping into strong demand for such high-quality, flexible
spaces."

 

Boudewijn Haarsma, Managing Director of HEINEKEN UK says: "As the UK's largest
pub, cider and beer company, it's really important that we have an exceptional
office space in central London, that reflects the personality of our business
and our collaborative ways of working. With facilities including 'smart'
meeting rooms, flexible working spaces, showers for colleagues who cycle or
run to work, and of course HEINEKEN UK wouldn't be complete without a bar to
showcase our fantastic brand portfolio, the new space at wells&more, fits
all the criteria."

 

The office move in London follows the news that the Edinburgh HQ will move
from Broadway Park to a central Edinburgh location at St Andrew's Square.

 

Boudewijn Haarsma adds: "With both office moves happening at similar times,
the spaces will have the same look and feel to ensure a cohesive working
environment for colleagues whether they are at our Edinburgh or London
offices."

 

 

 Great Portland Estates plc                                                      +44  (0)  20  7647  3000
 Toby Courtauld, Chief Executive
 Nick Sanderson, Chief Financial & Operating Officer
 Stephen Burrows, Director of Investor Relations and Joint Director of Finance

 Rob Russell-Smith, Senior Portfolio Manager

 Yasemin Kiani, Communications Lead

 FGS Global
 James Murgatroyd & Gordon                                                       +44  (0)  20  7251  3801
 Simpson

 

For further information see www.gpe.co.uk or follow us on X at @GPE_london

LEI Number: 213800JMEDD2Q4N1MC42

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