The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Monday, 10 August

The Bat Cave London

08 April 2016 | Updated 01 January 1970

TH Real Estate has agreed a new letting to Bacardi (with the Bat logo) Global Brands at The Steward Building, Spitalfields in London’s E1 area.

Advised jointly by Knight Frank and Savills, this will be a new London office for the family owned spirits company which has agreed a new 10-year lease and will take 9,564sqft on the third floor.

The Steward Building which was developed by TH Real Estate and completed in 2015, provides 48,249sqft of new office space over six upper floors close to Liverpool Street Station. Bacardi will join Cognolink which occupies the top three floors of the building while two floors remain available, both extending circa 9,559sqft.

With its desirable location in the heart of the historic Spitalfields Market, a dynamic mix of leading retail brands on the ground floor and a strong office occupier on the top three floors, the Steward Building was seen as a key asset in TH Real Estate’s Central London portfolio. “We are pleased to have secured Bacardi which is testament to the strength and profile of the building and we are focused on letting the remaining two floors,” stated Ilna Patel, Portfolio Manage, TH Real Estate.

In its advice Savills was confident that the choice was a perfect fit for Bacardi. ”The Steward Building is a new landmark building for Spitalfields, an area which has seen significant growth in recent years and continues to generate interest from an ever more diverse group of occupiers,” said James Gillett, Director in the Central London Team at Savills. “This recent letting to Bacardi will see the largest privately held, family owned spirits company in the world take advantage of the high spec office development which offers occupiers contemporary space and open terraces.”

Picture: The Steward Building in Spitalfields is the new home for Bacardi 

Article written by Robin Snow | Published 08 April 2016


Related Articles

Quotient Hasten to Haston

Quotient Clinical, a provider of early stage and specialist drug development services across the world, has relocated its Scottish base to West Edinburgh. Leasing...

 Read Full Article
Can You Imagine What Your Workplace Will Be Like In 2020?

Become a modern-day Ninja in the brave new world of the agile workforce says Caleb Parker of who will be speaking at the FM Innovate conference in London...

 Read Full Article
Banks Street's Feet and Inches Good Enough for the French

Further to our report earlier this week (See Property Section - Heron Gulps Down Last of Land), Societe Generale and the Canary Wharf Group and have agreed a pre-let of...

 Read Full Article
As COVID-19 Knocks Sentiment, What's Next for Global Commercial Property?

Paul Bagust, Global Property Standards Director at RICS looks to the future of global real estate's occupiers and investors. Bagust has delivered many...

 Read Full Article
Global Real Estate and COVID-19

We are currently experiencing the slowest rate of real estate transparency improvement since the period following the financial crisis of 2007–2008, according to...

 Read Full Article
Property Industry Offers Vacant Buildings For Key Workers

In an open letter to the Prime Minister, property professional bodies are offering vacant buildings to help support the country as it responds to the global...

 Read Full Article
Research Says Sustainable Buildings Will Bring Investors Tangible Financial Benefits

The latest research from professional services firm JLL suggests that investing in sustainable offices in central London will return “tangible financial...

 Read Full Article
Have Your Say – PropTech Survey

Share your views in the latest survey from GoReport, and shape the future of PropTech. If you work in the property sector this is your chance to contribute to the...

 Read Full Article
New Suburbs Taskforce Announced At The Houses Of Parliament

The new Taskforce is to shine a spotlight on issues and opportunities facing the London’s suburbs Members of the All-Party Parliamentary Group (APPG) for...

 Read Full Article
Survey Reveals Smart Building Spending Plans And Tech Priorities For 2020

Independent research firm Verdantix has released its annual global survey of 304 real estate occupiers across 16 geographies and 18 industries. The survey focusses on...

 Read Full Article