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British Land signs up new tenant at Mayfair office property in London

British Land Co. Plc signed up Capula Investment Management at its recently developed Mayfair office building in London, the London Evening Standard reported.

The hedge fund will take up more than half of the leasable space at the tower, leasing 27,000 square feet out of the 49,500-square-foot office property on 7 Clarges St., and will pay more than £100 per square foot.

Capula will move from Knightsbridge to its new Mayfair office.

Investment companies Quantum Pacific and Fortress have also been linked with the building, but there has been no word on whether those lease deals have been closed, the report noted.