London Executive Offices expands West End portfolio

21 Gloucester Place has been acquired on a 15-year lease from the Portland Estate and adds (circa) 7,500 sq ft of five-star serviced office space to LEO’s established portfolio, spanning Mayfair, Knightsbridge and Belgravia, Kensington and Chelsea, Midtown and the City.The building is a Grade II-listed Georgian property situated in the heart of Marylebone. Part of one of the most extensive and intact sequences of Georgian terraced houses in London, the building is prominently situated at the north-west corner of the junction with George Street, moments from the bustle of Portman Square, Baker Street and Chiltern Street, with its eclectic mix of high end boutiques and the internationally renowned Chiltern Firehouse.

The latest addition fits in with LEO’s overall growth strategy to expand its 32-building prime central London portfolio. Over the last 18 months, around 200,000 sq ft of space was added to the portfolio via the lease of several high profile assets including Michelin House, 32 Curzon Street and Octagon Point.

Conal O’Hara, Commercial Director, commented: “The acquisition of 21 Gloucester Place is an exciting addition to our portfolio, we are delighted to have the opportunity to increase our presence in this desirable location.

“Like each of our prestigious properties, 21 Gloucester Place occupies an impressive location, boasts stunning architectural features and will be complemented by peerless five-star customer service and market-leading technology throughout.”