Mott MacDonald commits to space expansion
at 10 Fleet Place
Mott MacDonald has signed up for an additional 20,000 sq. ft at its existing London headquarters, at Addington Capital’s Workman-managed 10 Fleet Place, as reported by React News.
The engineering giant has signed a lease for the fourth floor of the 186,000 sq. ft 10 Fleet Place. Overall, the global consultancy will have space totalling circa 60,000 sq. ft in the building, on leases running to 2040.
Occupying a popular mid-town / City location, 10 Fleet Place has been managed by Workman LLP under its Welcome Offices service since 2016. It is asset-managed by Addington Capital, which steers the property on behalf of Hong Kong-based Crosby Group, owner of the building since 2015.
Space availability at 10 Fleet Place during 2023 provided Mott MacDonald with the opportunity to fully refurbish the first and second floors without having to relocate staff. They adopted a phased approach, transferring employees into spaces once completely refurbished. Since signing their new lease, the engineering giant is currently working on refurbishing the fourth floor in keeping with its other spaces.
Monika Newton, Partner at Workman, and Head of the firm’s Welcome Offices team said: “This achievement is a true testament to the incredible collaboration between outstanding property management and asset management teams, along with the landlord’s investment in the building. Together we have delivered exceptional customer service, not only to attract new occupiers but also to retain our existing ones.”
Workman’s intelligent building optimisation system (IBOS) was installed in 2022 providing smart technology to optimise building plant and manage energy efficiency across all floors, which has delivered significant savings on electricity and gas. Indeed, IBOS has delivered a saving of 719,040 kwh, translating to £373,887 based on current contract rates.
Monika said: “We are working with Mott MacDonald and other occupiers to achieve their ESG aspirations, and know that tools such as IBOS have previously proven to help our clients achieve their corporate aspirations regarding delivery of carbon and cost savings.”
A substantial phased refurbishment programme has recently completed at the building, including new end of trip facilities, reception upgrade and new external signage (pictured). Occupiers at 10 Fleet Place benefit from top-of-the-range facilities, including 18 showers (fully refurbished in 2023), 191 bike racks, 24 folding racks and 168 lockers, secure underground parking facilities, six newly installed EV charging spaces and a Platinum WiredScore certification. The building also benefits from transport links including the Elizabeth Line at Farringdon.
Now 96% let, 10 Fleet Place is also home to occupiers including Interpath Advisory, CNBC and law firm Hogan Lovells.
Remaining office and retail space is all under offer.