Smart move sees Howard de Walden secure Christie's Education for 42 Portland Place

Howard de Walden Estate 42 Portland Place

The Howard de Walden Estate has let the entirety of its Grade II listed 42 Portland Place to Christie’s Education for a new arts, law and business facility.

The specialist provider of postgraduate higher education has taken a 10-year lease on FRI terms at an initial rent of £500,000 a year subject to a 9 month rent free period. The building totals 7,240 sq ft and is arranged on lower ground, ground and four upper floors. The Estate selected the tenant in line with its aim for buildings within its 92 acre Marylebone holdings to be dedicated to teaching and the arts, “to educate future generations of professionals who will go on to work in auction houses, galleries and museums”.

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