Slaughter and May is advising Derwent London on the major pre-let at The White Chapel Building, 10 Whitechapel High Street, London E1 to Fotografiska
Fotografiska runs the world renowned photography museum in Stockholm. The new premises at The White Chapel Building will be its first gallery outside Stockholm and will be used as Fotografiska – The London Museum of Photography.
Following completion of the works to construct the new office pavilion (which is expected in H2 2018), Fotografiska will take a 15-year lease at a basic annual rent of approximately £2.4 million.
The pre-let means that, since acquiring the vacant White Chapel Building in December 2015, Derwent has completed a successful refurbishment programme and let the whole of the building. Slaughter and May has advised on each letting.
John Burns, Chief Executive Officer of Derwent London, said: “We are very excited to welcome Fotografiska - The London Museum of Photography to The White Chapel Building. We believe their arrival will be a major benefit to the area and Fotografiska’s character endorses the Group’s focus on good design. This pre-let means that we will have successfully let the entire property.”