Nova buildings in Victoria
Recently, the space at Nova South was taken by London Executive Offices (LEO) on a 17-year lease from Land Securities. The acquisition boosted the serviced office company’s portfolio to 745,000 sq ft. Adding the recent development, now 40% of the Nova South scheme is being let.
In July of 2015, Land Securities had obtained its first office pre-let at Nova, Victoria. At the time, private equity investor Advent International secured more than 25,000 sq ft at Nova South on a 15-year lease.
Located on a 5.5-acre site opposite the station, the first phase of the mixed-use Nova scheme promised to deliver 480,000 sq ft of office space through two buildings – Nova North and Nova South.
LEO and Land Securities were both represented from within their companies. Land Securities used Cushman & Wakefield and Knight Frank as their retained agents.
“This partnership is especially exciting because LEO is set to create new meeting spaces which our other customers in Nova - including recruitment, media and private equity companies – can flex in and benefit from, all adding to Nova’s appeal as a vibrant business hub”, added Kaela Fenn-Smith, head of commercial at Land Securities.
London Executive Offices have been operating serviced offices for more than 20 years, adding mainly freehold’s to their portfolio over the years. The acquisition of big space in prominent locations within West End and City has brought them a considerable reputation as a provider of quality space in key Central London locations.