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LONDON-In the City of London’s biggest pre-letting of the year management consultancy Accenture has signed a pre-letting of 375,000 sf in the 507,000 sq first phase of British Land’s Plantation Place development in Fenchurch Street, EC3. Accenture also has the option to extend into the remaining space in the building, and into the second phase of Plantation Place, fronting Mincing Lane, which is currently the subject of a new planning application.

The letting covers 352,702 sf of offices at £54 ($79) per sf and 22,722 sf of basement storage space at £15 ($22) per sf. The deals means British land can star construction immediately with completion of the building due in the first half of 2004.

Accenture has been looking to consolidate its London operations under one roof and several of its existing leases expire in 2004. Accenture Director Willie Jamieson said ‘Accenture is delighted to secure highly efficient, cost effective and flexible space in a preferred location which will meet our consolidated space needs in 2004 and allow for future growth of the business.’

And British Land Chairman John Ritblat said the letting was a healthy indicator for the current City of London office market.

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