New lease of life for Hannibal House

More than 60,000 sq ft of space out of the total of some 90,000 sq ft has been let at Hannibal House, the newly refurbished office building above the Elephant & Castle Shopping Centre, London, giving a major boost to the local area.

Following the vacation of the building by the Department of Health at the expiry of its lease, the building was last year converted to a business centre by owners Key Property Investments , the joint venture between St Modwen Properties PLC and Salhia Real Estate Co. of Kuwait.

Hannibal House, in its new guise, has proved attractive to occupiers from a wide cross section of businesses in both the private and public sectors.

Current tenants include Mapeley, London School of Management, St Piran¹s School GB Ltd as well as local and national charities such as Southwark Action for Voluntary Organisation, Southwark Community Care Forum and Victim Support.

Suites are available from 140 sq ft to complete floors of around 8,000 sq ft. Tenants benefit from a range of services offered by the business centre including a staffed reception, internet and telephone services, and meeting rooms.

Gary Morris, St Modwen¹s senior development manager, commented: ³We are delighted that so many companies have decided to take space at Hannibal House. As soon as the marketing campaign started after our initial refurbishment, it became clear that we were offering to the market a product that was appealing to local occupiers.

"We clearly pitched the product right providing good quality but affordable accommodation in an exceptional location.

"These factors coupled with the flexible occupancy terms have undoubtedly been the significant reasons for the popularity of the building. The unrivalled access to public transport and the shopping centre¹s facilities makes the building¹s overall offer most appealing. We look forward to welcoming more local businesses and organisations to the remaining office suites."

DTZ and Kalmars, the letting agents, are marketing the remaining suites, available from 140 sq ft.

For further information contact Gary Morris of St Modwen (020 7499 5666).
Issued by Paul Raymer of Howle Chapman Raymer (0121 313 1000)