Beltane Asset Management fills its maiden building at Cloak Lane

BELTANE Asset Management has filled its 9 Cloak Lane office block, six months after starting its search for tenants.

The firm has signed up ERIM Services to take the fifth floor, completing its lettings drive for the building near Cannon Street and taking its average rents to £51 a square foot.

Beltane, which was set up by property veterans Jonathan Chenery and Duncan Roe last year, kicked off its acquisition drive when it bought the 30,000 square foot building from ING for an undisclosed sum.

Lombard Street Research, US software house Guidewire Software and fund management boutique Blackfriars Asset Management have also taken space at 9 Cloak Lane.

Jones Lang LaSalle and Hall Kemp acted as lettings agents.