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Aviva Investors has signed a 31,500 sq ft pre-let with Sona Asset Management at its flagship Pegasus office development in Mayfair, central London.
Pegasus House, Mayfair. Source: Aviva Investors
The letting will see Sona take around 31,500 sq ft across the first three upper floors of the building.
Aviva said the deal means 50% of the office space at Pegasus Mayfair is now pre-let. The project, one of several prime London office schemes being developed by Aviva, is a heritage-led redevelopment of Pegasus House and Nuffield House, two buildings on the corner of Piccadilly and Sackville Street.
Nuffield House was originally built in 1939 to the designs of architect George J. Skipper.
When complete, Pegasus will span 60,000 sq ft of office space plus six residential apartments and just under 14,000 sq ft of commercial space at street level, including a retail parade and restaurant.
The project will retain the original front and side-facing facades of the buildings, and is targeting BREEAM ‘Outstanding’ and NABERS 4.5-star ratings.
Ed Atterwill, head of central London at Aviva Investors, said: “Pegasus Mayfair is the sixth central London development being delivered by Aviva Investors over a three-year period and demonstrates our ability to deliver a best-in-class mixed-use development that can attract leading brands, while remaining sensitive to the historic character and value of the original buildings.
“We’re delighted to reach an agreement with Sona Asset Management, which we believe shows the continued strength of London’s core office market and the ability of well-developed, high-quality assets to attract leading companies. This is a great example of rejuvenating assets at risk of becoming outdated and turning them into flagship schemes that are ready for the future. We believe doing so will mean it continues to contribute to long-term outcomes for investors.”
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