Standard Life Investments, advised by Strutt & Parker, has let the ground and lower ground floors of 105 Wigmore Street, London, W1, to Fiat Auto (UK) Ltd who will be using their new central London flagship showroom to launch the new Fiat 500 which has just won the *2008 Car of the Year Award.

The Italian car company has taken the 10,110 sq ft car showroom, on a 20 year lease at a rent of £510,000 pax.

105 Wigmore Street was originally developed in 2002 by Heron Property Corporation and was purchased by the Standard Life Investments Pooled Property Pension Fund in March 2006. Ericsson and DEPFA Bank are among the office space tenants.

Nigel Chapman, Fund Manager at Standard Life Investments, said:

“We are delighted to welcome Fiat Auto (UK) Ltd. to 105 Wigmore Street and wish them the very best of luck for their forthcoming launch of the Fiat 500.”

Marks Commercial advised Fiat.

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*The Fiat 500 was named “Best Small Car” by Fifth Gear, the Channel 5 motoring programme