12 December 2022
Invesco Real Estate and YardNine agree new long-term lease with ISN Software UK Limited at fifty Paddington
Invesco Real Estate, the global real estate investment manager, alongside development manager YardNine, the property development and asset management company, have agreed a new long-term lease for the sixth floor of fifty Paddington with global software business, ISN Software UK Limited (ISN).
Taking the entirety of the sixth floor of fifty Paddington, comprising 5,649 sq ft of Grade A office space, ISN will join Cerner (now owned by Oracle) and St James’s Place Wealth Management at the 75,000 sq. ft. office and retail development, which is located less than 100 yards from the entrance to the recently opened Elizabeth line in Paddington Station. The recent successes at the building leaves 40,000 sq ft of Grade A accommodation over three floors to be let.
The ground and lower ground retail units have been let to casual dining restaurant, Vapiano, opening before Christmas, and personal trainer-led gym experience, Ultimate Performance, opening early in 2023. An artisan coffee operator will also start trading in January 2023.
Mark Younger, Director of YardNine said:
“This is the latest letting in a series that demonstrates not only the quality of space on offer at fifty Paddington, but also its exceptional location and connectivity. More than ever, the success of an office is judged by the quality of the user experience, and, with over 30,000 sq ft of office space now let and the leisure and dining components of the building due to open shortly, fifty Paddington continues to set a new standard within its submarket.”
Ciaran Butler, Director of Investment Management Invesco Real Estate said:
“Invesco’s investment ethos is focused on ensuring that today’s buildings are fit-for-purpose for the varying needs of our occupiers, which is key for driving engagement and performance. fifty Paddington is no exception and this letting to ISN is further evidence that exceptional workspace in well-connected locations continues to attract long-term commitments from forward thinking occupiers.”
David Bibby, Senior Director at ISN said:
“ISN’s new office space at fifty Paddington will help keep us at the vanguard of our industry by providing our colleagues with a great office experience that will attract and retain the very best talent in our sector. We are delighted to be moving to a sustainable office space that is so well connected to our expanding customer base in the UK and Europe.”
Colliers, CBRE & Ashurst’s acted for Invesco and YardNine; Cushman & Wakefield & Edwin Coe acted for ISN.