London property specialist leases “prime” midtown office following refurbishment

London based property investment and asset management specialist Addington Capital has leased the top ninth floor of 10 Fleet Place, London EC4 to Interpath Advisory.

The independent financial advisory business was formed in 2021 following the sale of KPMG’s UK Restructuring business to H.I.G. Capital.

Interpath is taking 13,913 sq ft of office space on a ten-year lease, with an option to break after five years. The rental level agreed is confidential. The space will become Interpath’s UK headquarters, and be home to its 250-strong London based team.

10 Fleet Place is a landmark 185,000 sq ft office building in prime Midtown. Addington Capital is the asset manager for the property on behalf of its Hong Kong-based owners who acquired it in 2015.

The letting follows refurbishment at 10 Fleet Place in the first six months of 2021, including a contemporary CAT A finish, reception upgrade and conversion of the basement area to create changing rooms, including 17 showers and 167 tenant lockers.

Planning consent has been achieved to create new secure bike storage facilities, delivering 167 covered bike parking racks including electric charging points, which are all BCO compliant.

Blair Nimmo, chief executive of Interpath Advisory, said: “In hunting for our new UK headquarters, we were looking for a building which could deliver a state-of-the-art, flexible working environment, right in the heart of the City, where collaboration and innovation can flourish.

“At 10 Fleet Place, we have found exactly that. We look forward to welcoming our people and our clients to our new home later in the Spring.”

David Dalrymple, partner at Addington Capital said, “We have invested during the pandemic to vastly improve the internal finishes and amenities at 10 Fleet Place and the changes we are making have made the building significantly more attractive to occupiers. Feedback so far has been very positive.

“Our investment appears to be paying off. We are delighted to secure this letting to Interpath and are looking forward to attracting further high calibre tenants to the building.”

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