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Kennedy Wilson Lets Up London Office Bought With Big Slug Of Vacancy

Omega Pharma is taking 21K SF of Grade A office space at One Embassy Gardens.

Kennedy Wilson has signed a new 10-year lease with pharmaceutical company Omega Pharma for 21K SF of office space at One Embassy Gardens in Nine Elms, London.

The new lease brings the prime office building, acquired off-market by Kennedy Wilson in June 2021, to 100% occupancy with a weighted average lease term of 8.5 years.

Other tenants at One Embassy Gardens include Marie Curie, which recently moved into 14K SF, and publisher Penguin Random House, which occupies 82% of the building.

Located in London’s Nine Elms area, One Embassy Gardens includes 156K SF of office space across 11 floors and is BREEAM Excellent certified.

It is part of the wider Embassy Gardens estate, a new riverside district immediately adjacent to the U.S. Embassy on the south bank of the Thames. The area is now served by a Nine Elms London Underground station and is close to the rejuvenated retail, office and leisure offer at Battersea Power Station.

“This letting demonstrates the demand for prime office space in Nine Elms, one of the most exciting submarkets of London," Kennedy Wilson Europe Managing Director Matthew Milroy said. "We are pleased to welcome Omega Pharma and Marie Curie to the building. Importantly, the letting also grows the long-term income profile of the asset.” 

Omega Pharma UK & Ireland specialises in over-the-counter treatments including Jungle Formula, TCP, Buttercup skin product Dermalex and hay fever treatment Prevalin.

JLL, Montagu Evans and Union Street Partners acted for Kennedy Wilson. CBRE acted for Omega Pharma and Marie Curie.