Orchard St doubles up in Hammersmith

By Paul Norman - Tuesday, January 09, 2018 11:24

Main news image
Two healthcare companies have taken almost 10,000 sq ft in Orchard Street Investment Management’s One King Street office building in Hammersmith, West London.

Orion Health has assigned its leasehold interest, expiring in 2020, in the 3,763 sq ft fifth floor to Insulet Corporation. The passing rent is £55 per sq ft.

The 5,774 sq ft second floor has been taken by iPlato Healthcare on an assignment from Global Payments until the end of 2018.

The third floor comprising 5,764 sq ft is available at a quoting rent of £56.50 per sq ft.

Shaun Wolfe, Director at Frost Meadowcroft, said: “These transactions demonstrate both the strong demand from office occupiers for the right product in the right location and the resilience of headline rents remaining firmly into the mid £50’s per sq ft.”

Orchard Street bought the mixed use property from Helical in 2016. The recently refurbished office element totals approximately 27,000 sq ft over first to fifth floors, while there are seven occupied retail units at ground level, totalling 11,000 sq ft.. It is prominently located at the corner of King Street and Hammersmith Broadway adjacent to two Underground stations and with easy access to Central London and the M4 motorway.

Orion Health was advised by Frost Meadowcroft. JLL represented Insulet and Frost Meadowcroft advised iPlato. Savills acted for Global Payments.

pnorman@costar.co.uk

Get in Touch
+44 203 205 4600