Development Securities has confirmed its first major pre-let at One Kingdom Street, Paddington Central, to Misys, as tipped in Property Week ( 06.07.07 ) .
The 73,000 sq ft pre-let to the global software company means that almost a third of the building’s available space is now taken.
Misys has taken a 15 year lease with rent reviews every five years at the building. It was rumoured that Google, which has a 250,000 sq ft requirement out for a new HQ, had considered the building earlier this year as an option when all of the space was available.
One Kingdom Street is scheduled for completion in February 2008 and has 179,000 sq ft still to let. The building is owned by Development Securities in partnership with Morley Fund Management and Union Investment Real Estate.