AnaCap to move into Derwent London’s Stephen St building

Kasmira Jefford
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Derwent’s revamp of 1 Stephen Street is part of the wider regeneration of Tottenham Court Rd
DERWENT London has let the top two floors of 1 Stephen Street near Tottenham Court Court to AnaCap Financial Partners, a private equity firm specialising in the European financial services sector.

The property developer said yesterday that AnaCap has taken 16,150 square feet on the ninth and tenth floors of the building. The firm will take a 10-year lease with no breaks at an initial rent of more than £80 per sq ft, equivalent to £1.3m per year.

Other companies including Freud Communications and The Office Group have recently taken space in the building, which is undergoing a makeover.

Derwent chief executive, John Burns, said: “We are delighted to welcome AnaCap to 1-2 Stephen Street. They join a vibrant group of office occupiers that have helped reposition our investment. The property’s location will be further enhanced when Tottenham Court Walk completes in the next few months. This letting demonstrates the continuing strength of our markets.”

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