Endurance Land announce the letting of the first floor of The Bailey, London, EC4 to Willmott Dixon Interiors, the interior fit-out and design specialist of Willmott Dixon, one of the UK’s largest construction and property companies.
The Grade II listed building, which has a BREEAM Excellent rating, a Wired Score Platinum rating and an EPC of A, is owned by the Nan Fung Group and has been developed by Endurance Land following the formation of their strategic partnership in late 2018.
Willmott Dixon Interiors has taken a 10 year lease at the building and will occupy the building in Q4 2022 once their team complete the fit-out. They will join the multinational media agency, IPG Mediabrands, at the building. Mediabrands pre-let the Lower Ground and 2nd to 8th floors of the scheme.
As part of Endurance Land’s Sustainability policy, Willmott Dixon Interiors’ lease contains a number of ‘green lease’ clauses and in addition both parties have signed a memorandum of understanding with the aim of further improving sustainability, reducing carbon emissions and improving building performance. Willmott Dixon as a group has set a target to be a zero carbon business by 2030, with all projects completed from that year onwards being net zero in operation.
Henry MacInnes, director, Endurance Land said,
“We are delighted to welcome Willmott Dixon to The Bailey and look forward to building an excellent partnership with them. We are particularly pleased to have signed a tenant who shares our goal of continuous sustainability improvements.”
Kevin Potts, Commercial Director, Willmott Dixon Interiors, said,
“We have been located nearby on Farringdon Street for twenty years, so taking office space at The Bailey represents an exciting new chapter for Willmott Dixon Interiors as we plan our next stage of growth. With our focus on net zero, we are particularly delighted with the ‘green lease’ commitments which underline our commitment to be a leader for sustainable development in the built environment.”
About Endurance Land
Founded by Jonathan Fletcher in 2006, Endurance Land is a commercial property investment and development company. Endurance Land are specialised in the active management of buildings that require refurbishment or development, primarily within Central London and the M25.
In 2018 Nan Fung Group committed capital and resources to support new business ventures by Endurance Land, which will continue to work with leading institutional partners and investors as development and asset managers in joint venture structures. The company deploys capital from its management team and Nan Fung Group.
Endurance Land have a strong track record of providing superior returns to investors over the last twelve years. Currently advising, developing and refurbishing assets with a asset portfolio value in excess of £1bn.
The company’s mission is to apply an innovative approach to the investment and development of UK properties, utilising an experienced team, using innovative techniques to implement sustainable business plans.
Further information can be found at www.enduranceland.com
About Willmott Dixon
Headquartered in Letchworth Garden City, Willmott Dixon is a privately-owned contracting and interior fit-out group. Founded in 1852, we are dedicated to leaving a positive legacy in our communities and environment and in 2018 were one of only six companies to receive a Queen’s Award for Enterprise in the promoting opportunity through social mobility category. Our goal is to become a net zero carbon company by 2030, with all buildings delivered after this date also being net zero. As the UK’s highest ranked contractor in the FT’s Diversity Leaders list in 2019 and 2020, we also aim to achieve gender parity across all levels of the workforce by 2030.
We are passionate about our purpose: to deliver brilliant buildings, transform lives, strengthen communities and enhance the environment so our world is fit for future generations.
As Willmott Dixon’s specialist interior fit-out company, Willmott Dixon Interiors is responsible for many landmark refurbishments, including the Design Museum, The National Gallery, Old Admiralty Building, Wolverhampton Civic Hall and London Screen Academy.