Globix paid Dervent Valley £11.3 million ($16.4 million) to surrender it lease on the entire 181,000-sf building, and it then agreed to take two 15-year leases on 69,000 sf at a combined rent of £1.5 million ($2.3 million) per annum.

Globix still has a second London data centre at Prospect House on New Oxford Street in Midtown.Derwent Valley will now remarket the remaining 112,000 sf at 1 Oliver's yard.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Leasing
Office