‘Prominent’ Thames-side office development fully let following refurbishment

The ‘prominent’ Lotus Park riverside office development of 103,000 sq ft in Staines is now fully let.

The final space, a 9,479 sq ft ground floor office suite, was taken by Chubb, a ‘market leader’ in fire and safety solutions. Lease terms remain confidential. Property consultancy Vail Williams acted for Legal & General Investment Management, which owns and operates the three-building Thames-side development. De Souza was instructed by Chubb.

Chubb, part of APi Group, a provider of fire protection and safety solutions for customers worldwide, employs more than 12,000 people and protects more than 1 million sites.

This most recent letting follows a series of successful transactions which has seen Verlingue, one of Europe’s largest independent insurance brokers, take a 4,780 sq ft suite at £38.29 psf, under Legal & Generals fitted flex product, Capsule. This followed another unnamed occupier taking 9,000 sq ft at £34.50 psf.

Vail Williams and BNP Paribas Real Estate act as joint letting agents for the Lotus Park development, which has seen nine transactions successfully completed over the last 18 months post-refurbishment.

Nick Webb, senior asset manager, commented: “Our strategy with this development was to deliver not only top quality interior spaces, under a range of our office products, but also to create some outstanding exterior amenities which benefit from our situation next to the River Thames.

“As a trusted landlord, it is incumbent upon us to set the best possible service and amenities for our occupiers and at Lotus Park this includes 24-hour concierge, and occupier events including our summer party with live bands, BBQ, games area and boating along the river.”

Charlie Perkins, Vail Williams surveyor based in Woking, added: “Lotus Park is an exceptional development comprehensively refurbished to Grade A specification, has superfast broadband and is conveniently located, it is good to see it fully occupied.

“The recently landscaped new waterfront gardens provide a unique riverside amenity overlooking the River Thames and have certainly been a major factor in businesses relocating here as they seek to attract and retain top talent with a superlative working environment.

Vail Williams’ full-service property advice includes commercial agency, investment and development advice, building consultancy, property valuation, planning, lease advisory, property asset management, business rates and occupier consultancy.

By Matthew Neville – Senior Correspondent, Bdaily

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