Asset management company REM has confirmed that TPG, a leading global private investment firm with over $67 billion of assets, is to take 27,117 sq ft of office space at Park House in North Mayfair.
TPG will take the entire fifth floor of Park House on a 15-year lease and is expected to relocate its EMEA headquarters to the building by the end of the year
Park House encompasses an entire one acre island site with the office portion of the building providing some of the best specified office accommodation in W1.
The building has been engineered to attract companies requiring the highest standards of accommodation including excellent power and data resilience, which is one of the key reasons that TPG chose Park House.
Benefiting from views across Mayfair, Hyde Park and Marylebone, the large circa 28,000 sq. ft. floor plates have recently been attracting a lot of interest from large occupiers.
Michael Baker, CEO, REM, said: “TPG is one of the most prestigious private investment firms in the world and it is a significant endorsement that the company has chosen Park House for its new EMEA HQ.
“Financial companies such as TPG need resilient, high specification office spaces that drive efficiencies and encourage productivity in today’s competitive global business environment; Park House is the most resilient building in W1 and is also incredibly well connected, being just minutes away from the forthcoming Crossrail station at Bond Street.
“Its resilience and connectivity, combined with its location in the vibrant North Mayfair district are proving to be highly attractive and generating significant interest in the office space.”
North Mayfair provides an abundance of choice in terms of dining and retail. The award winning Japanese restaurant ROKA and French bistro NAC recently opened in the North Audley Street restaurant quarter and Selfridge’s is located opposite Park House.
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