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Wednesday, 26 February

The Whitechapel Buildings

Derwent London has pre-let 84,600sq.ft in four office transactions at The White Chapel Building E1, representing 46% of Phase 1.

This refurbishment, totalling 185,000sq.ft has attracted a range of businesses including media, professional services and shipping. All are on ten-year leases, with 59% subject to a five year break and half subject to minimum rental uplifts on first review. The average rent free period is 8 months for the two leases where there are tenant breaks, rising to 17 months if no breaks are exercised.

John Burns, Chief Executive Officer of Derwent London, said: “We are very pleased to introduce four new occupiers to our portfolio, three of which signed leases after the EU referendum. Their broad spread of activities and commitment is an endorsement of our strategy of creating a mid-market rental product in this significantly improved area on the eastern side of the City and the Tech Belt.”

 

Migrant Business Hub

Brazilian-born entrepreneur Rafael dos Santos is to open the capital’s first co-working space in Whitechapel dedicated to supporting migrant entrepreneurs.

The co-working space will house up to 150 entrepreneurs and provides the necessary tools to run a business successfully. The fully-furnished mi-HUB will include a variety of facilities including boardrooms, private offices and meeting areas. Hot desking starts at just £99.00 per month and permanent desks from £329.00 per month.

Situated in Batty Street, close to Aldgate East tube station, mi-HUB offers an affordable starting point for entrepreneurial businesses and provides training through the Migrant Business Accelerator programme. The course lasts six months and consists of 16 different workshops to help 30 entrepreneurs develop skills in finance and marketing, as well as growing their corporate network

Dos Santos wants to help one million migrant entrepreneurs in the next ten years. He said, “Recent research in Stratford, London showed that the three key issues that migrants face when starting or running a business is a lack of network, lack of knowledge and lack of funding."

The co-working space will be hosting its first event, The Migrant Business Show, on Wednesday 27 July 2016.

Picture: The White Chapel Building E1

 

Article written by Cathryn Ellis

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