Rockspring secures letting to Regus at new Maidenhead office development (UK)

Rockspring Property Investment Managers LLP announces that it has secured Regus as a tenant at No 1 Bell Street, its recently completed £5-million (approx. €5.6-million) Maidenhead development.

No 1 Bell Street Maidenhead

No 1 Bell Street provides 20,200 ft² of grade-A office space.

Regus, the world's largest serviced office provider, has taken 15,500 ft² (approx. 1,440 m²) at the building, comprising the ground, first and second floors, on a new 12-year lease. Located in the center of Maidenhead, close to its main train station and with easy access to the M4, it is situated in an established business location, with nearby occupiers including Cincom, Rank, Capita and '3'.

No 1 Bell Street provides 20,200 ft² of grade-A office space arranged over four floors. Following this letting, just 4,700 ft² remains vacant at the property, benefiting from access to the roof terrace.

Commenting on the letting, Michael Pryer, European Director of Rockspring, said: "Against what has been an extremely challenging Thames Valley office market over the past three years, this forms one of a spate of lettings that have taken place in Maidenhead over the last two quarters which signals renewed confidence in the market for prime, good quality, well located stock."

Jon Gardiner, Director at Savills, added: "No. 1 Bell Street will make an excellent serviced office center for Regus and the terms achieved reflect the qualities of the building and its location close to Maidenhead station and town center amenities."

Cliff Jackson, Director at Lambert Smith Hampton, added: "It is good to see Maidenhead bouncing back from the economic downturn with another significant letting in the town center."

Rockspring was advised by Savills and Lambert Smith Hampton, while Regus represented itself. CMS Cameron McKenna provided Rockspring with legal advice.

Source: FD

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