GPE Lets Fitzrovia Office to Retailer Next

• Content
• News
• GPE Lets Fitzrovia Office to Retailer Next

11 March 2025

Great Portland Estates has secured its biggest “Fully Managed” deal to date, letting over 11,500 sq ft of space to Next at 31 Alfred Place, WC1. 

Next requires the extra space in addition to its existing London offices, which include 200 Tottenham Court Road. The company will move into the building at the end of March and occupy four floors, including the lower ground, duplex, third, and fourth floors.

Alfred Place is a newly refurbished 42,000 sq ft building in Fitzrovia, next door to GPE's recent acquisition Whittington House.

David Korman, Senior Leasing Manager, said: "We are delighted to have completed our largest ever Fully Managed deal with Next and look forward to welcoming them to the building later this month. The rapid and positive leasing at Alfred Place highlights the strong demand for our well-located, amenity rich, premium Fully Managed spaces, while also demonstrating the expanding appeal to larger corporates that may have initially sought a more traditional arrangement

The space has been let on a five-year term, ahead of ERV. 

Picture: a photograph from Next's Watford store, showing a wall mounted light fitting of the Next logo. A plant can also be seen on the left hand side. Image Credit: Next plc

Article written by Ella Tansley | Published 11 March 2025

Share

Related Articles