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Mapeley Releases Euston Tower Space

Mapeley has started marketing 155,000 sf in the Euston Tower - the largest block of space available in London's West End. The letting campaign will be watched as a measure of current occupier demand.

By Graham Parker | Updated on July 06, 2001

LONDON-Mapeley, the outsourcing company that took over the HM Customs & Excise and Inland Revenue property portfolios, has started marketing 155,000 sf of refurbished office space at the Euston Tower. This is the largest single block of immediately available office space in the West End and will be a test of the current strength of the market.

Euston Tower is the West End’s tallest office building and letting agent DTZ Debenham Tie Leung is quoting £45.00 ($63.50) per sf per annum for the 20th to 33rd floors. Mapeley has spent up to £100.00 ($141) per sf to convert the 1970s space into high quality accommodation with open floor plates of 11,000 sf each. ‘The Euston Tower refurbishment has created space that will meet the needs of the most demanding of occupiers,’ said Mapeley CEO Robin Priest. ‘We are pleased to be offering such high quality product given the under supply in the West End market. Our confidence has been underscored by the high level of initial interest.’

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