See Office Space to Rent in London’s West End
British Land is behind the development and has revealed that Aramco will pay an average of £90.76 per square foot to rent the fifth and part of the fourth floor at the Portman Square site. The West End office building, designed by the locally based architect firm Jestico+Whiles, has a total of 113,000 sq ft of commercial space across eight floors.
The latest commitment to offices at the site could hardly have come from a more high-value client, with Aramco UK’s oil-producing parent company among the most lucrative business enterprises worldwide. More than half of the available space at 10 Portman Square is now accounted for, with the investment manager Aspect Capital having recently signed up to occupy 24,520 sq ft.
“We are delighted that Aramco Overseas Company and Aspect Capital have chosen 10 Portman Square as their new London home, and we look forward to welcoming them to the building next Spring,” said James Danby, director of London leasing at British Land.
“British Land has long had a reputation for providing high-quality buildings, and we are pleased to be attracting such world-leading firms to 10 Portman Square,” he added.
Elsewhere in the West End of London, actuary and finance consultancy business Lane Clark and Peacock recently agreed a deal that will see its staff working out of offices at 95 Wigmore Street from the early part of next year.
Editor’s notes: In August 2024, Aramco listed 10 Portman Square as its London office on its website.
In the same month, Aramco was the fifth largest company in the world in terms of market capitalisation, with a market cap of USD 1.802 trillion.