Axa Real Estate clinches tenant for office space at One St Paul’s

Kasmira Jefford
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Real Estate Investment Managers said yesterday said yesterday it has agreed a major pre-let deal for all of the office space at its One St Paul’s scheme in the City.

Genesis Oil and Gas, the engineering and consultancy firm, has signed a 15-year lease for all six storeys of offices – 60,000 square feet (sq ft) – at the mixeduse scheme, which is now fully let.

In 2012, Grange Hotels agreed to lease 10,000 sq ft of residential space, which it is converting into luxury serviced flats to run alongside its nearby hotel.
Bar and restaurant group Drake & Morgan and restaurateur Jamie Barber, the owner of Hush in Mayfair, have also taken up space in the building and are due to launch in the coming months.
Axa said Genesis will take possession during the summer ahead of moving its headquarters from Midtown to the building in the autumn.

One St Paul’s is part of Axa’s London development drive, with over 1bn sq ft set to be delivered by 2015. The firm is thought to be close to letting its Sixty London scheme in Holborn to Amazon.