January 23, 2015
Ropemaker Properties (BP Pension Fund), advised by Hanover Green, has signed a new lease with Western Union at it’s 70,000 sq ft 200 Hammersmith Road office building in Hammersmith, London W6.
Western Union, the global leader in international money transfer, has taken 15,000 sq ft on the 1st floor of the five-storey building and will pay a rent of £50 per sq ft on a new 10-year lease with a six month rent free period.
The building is now fully let following the recent letting to Etihad Airways in September 2014.
David Cuthbert of Hanover Green said: “Since our client purchased the building in 2008 we have implemented proposals to improve the lease and rental terms and increase the value of the property by pursuing an active management strategy”.
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