Publisher Hachette has landed the lease for an impressive new office on Victoria Embankment. Designed by Fletcher Priest Architects, 50 Carmelite Riverside comes with a grand 7,600 sq ft roof terrace overlooking the Thames (pictured).
Hachette will occupy most of the 135,000 sq ft building, sub-letting out 40,000 sq ft in the new year.
Hachette exchanged contracts with Orion Capital Managers and Quadrant Estates, the latter of which is overseeing the extensive re-development of the part-grade II listed building, with contractor Morgan Sindall.
Aref Lahham, managing director and founding partner of Orion Capital Managers said:
Carmelite Riverside has come to the market at just the right time because there is a serious shortage of self-contained mid size office buildings in the City of London. As a result we have been able to agree a pre-let of the whole building with Hachette UK, a major publishing name, and an excellent covenant for the building.