Clearbell welcomes first occupiers to iconic Kodak building
- Clearbell has agreed the first two leases at iconic Kodak Building
- PubMatic and MASECO Private Wealth take fifth and fourth floors, respectively
- The recently redeveloped property now repositioned towards Covent Garden, has been designed with wellbeing and sustainability at its heart
Clearbell Property Partners III LP (Clearbell), a fund managed by Clearbell Capital LLP, has agreed its first two lettings at the newly redeveloped Kodak Building on London’s Kingsway.
Digital advertising consultancy PubMatic has taken the entire fifth floor, totalling just over 8,700 sq ft. The business, founded in 2006, has 18 offices globally and is relocating to the Kodak Building from nearby Soho.
MASECO LLP is taking the entire fourth floor of just over 8,800 sq ft. MASECO is an independent wealth management firm founded in 2008 and headquartered in London. With expertise in both the UK and USA, it works with clients across the globe and has over $3bn of assets under management.
The iconic Kodak Building has recently undergone a period of extensive redevelopment and repositioning by Clearbell to bring new life into its historic shell. With wellbeing at its heart, the building has been designed to ensure users have high-end commuter facilities including extensive bike racks, showers and lockers, increased access to natural light and communal outdoor space via the large roof terrace.
Sustainability has also been prioritised, exemplified through the green roof which encourages biodiversity in the middle of the city. As such, the Kodak Building is targeting a BREEAM ‘Excellent’ rating and WELL Gold certification. It has also achieved an EPC rating of A, despite being Grade II listed.
Alice Murray, Head of Asset Management and Sustainability at Clearbell Capital, said:
“Through the design and bespoke in-house services on offer, we believe that we have created a best-in-class workspace that remains true to the building’s heritage, while also bringing it into the new age of office working.”
“The first two lettings at the Kodak Building are testament to the quality of the redevelopment and people-centric approach we took, with both firms looking for workspaces that offered an enhanced experience for their employees in the heart of London’s vibrant Midtown.”
Clearbell was represented by Farebrother and Knight Frank. Pubmatic was represented by Knight Frank, while Avison Young advised MASECO.