M&G Real Estate and Nomura Real Estate Development have signed Associated British Foods as the debut tenant at The Fitzrovia, their £200 million development on London's Tottenham Court Road.
FTSE 100 listed group ABF – which owns food and ingredients businesses including Kingsmill and Twinings, and retail brand Primark – has prelet 31,000 square feet across four floors at the building, close to Primark's flagship Oxford Street store.
ABF is based in 10 Avery Row off Grosvenor Street in London's West End.
The all-electric scheme incorporates solar panels and a landscaped roof terrace to encourage biodiversity. It is targeting a NABERS Design for Performance Rating of 5 stars and BREEAM Outstanding, as well as EPC A.
M&G completed a joint venture agreement enlisting Nomura Real Estate Holdings and Lothbury Investment Management for the 86,370-square-foot mixed-use scheme in December, as reported.
M&G Real Estate and development manager Core had started work following the appointment of Kier as the main contractor on the scheme to the north of St Giles' Circus in London in September of 2022.
Nomura Real Estate Holdings is the real estate arm of the Japanese financial services giant.
M&G is asset manager. M&G Real Estate is part of M&G's £74 billion private markets division.
Letting agents are Knight Frank and Edward Charles & Partners. Allsop advised ABF.