Global real estate investment company Kennedy Wilson has signed a new, 10-year lease with pharmaceutical company Omega Pharma for 21,000 square feet of Grade A office space at One Embassy Gardens in Nine Elms, London.
The new lease brings the prime office building, acquired off-market by Kennedy Wilson in June 2021, to 100% occupancy with a long WALT of 8.5 years.
Other tenants at One Embassy Gardens include Marie Curie, which recently moved into 14,000 square feet of space, and publisher Penguin Random House, which occupies 82% of the asset.
Located in London’s Nine Elms district in Zone 1, One Embassy Gardens includes 156,000 square feet of modern office space across 11 floors and is BREEAM Excellent certified. The highly sustainable building is designed to minimize energy and water consumption.
“This letting demonstrates the demand for prime office space in Nine Elms, one of the most exciting submarkets of London,” said Matthew Milroy, Managing Director at Kennedy Wilson Europe. “A combination of One Embassy Garden’s high-quality space, sustainability and wellness credentials, and landmark location has led to strong occupier interest, and we are pleased to welcome Omega Pharma and Marie Curie to the building. Importantly, the letting also grows the long-term income profile of the asset.”
One Embassy Gardens is part of the wider Embassy Gardens estate, a new riverside district immediately adjacent to the U.S. Embassy on the south bank of the Thames. The area has benefited from significant investment, with the recent openings of Nine Elms London Underground station and Battersea Power Station, home to Apple’s new 500,000 square feet headquarters, bringing added connectivity and amenities.