NorthStar Realty Europe signs new ten year lease with Invesco at Portman Square, London, United Kingdom

Doubling its existing space, long-term tenant Invesco has taken on an additional 2,363 square meters from existing tenants. Invesco has been at the building since 2008.

Upon completion Invesco and Cushman & Wakefield LLP will be the only office tenants at Portman Square. They will occupy 9,530 square meters in the 10,447 square meter building.

Active Asset Management driving value enhancement
•Weighted average lease term extension from 6.5 to 8.7 years
•15% contractual income growth since acquisition
•Lobby and common areas refurbishment completed

Building highlights
•43-45 Portman Square is a 10,447 square meter Class A building
•Located in London West-End, north of Oxford Street and adjacent to Selfridges
•100% occupied to high quality tenants

Mahbod Nia, NorthStar Realty Europe's Chief Executive Officer, commented:
"Invesco's continued commitment to Portman Square is a strong endorsement of the quality of this building, further enhanced by our recent lobby refurbishment program, as well as its excellent location. Invesco's expansion in the building is the latest achievement in NRE's strong track record of pro-actively managing our assets as we seek to create value for our shareholders."