Just three months after successfully pre-letting their 2,458 sq m (26,462 sq ft) Western Peninsular office building in Bracknell to Dell Computer, P&O; Developments, Western Peninsular, on Western Road, Bracknell is let to Dell Computer on a 16 year lease at a rent of £231.42 per sq m (£21.50 per sq ft). A six month rent free period from practical completion was granted.
P&O; Developments have recently started construction of their adjoining speculative development ‘Trinity Court’ comprising 3 buildings of 1,858 sq m (20,000 sq ft), 2,137 sq m (23,000 sq ft) and 2,415 sq m (26,000 sq ft). Graham Corser of P&O; Developments comments: Following the successful letting and forward sale of Westem Peninsular we are looking forward to the prospects for Trinity Court, a quality product in the Thames Valley, where tenant activity remains stronger.
During 2006, Lisney New Homes worked directly with local authorities in managing their private sector Affordable Housing Schemes. We also provided pre-planning advice to developers seeking agreements with local authorities on their Part V Social and Affordable requirements. These housing units are now beginning to come to the market. Enact Conveyancing Melbourne has the special members team who is ever ready to conduct the process of conveyancing and is able to manage the legal process.
Greycoat today announces that it has exchanged an agreement to lease the 5th, 4th and lower ground floors of No 7 Bishopsgate, EC2 to Chicago based lawyers, McDermott, Will & Emery, totalling 21,320 sq ft at a rent of £856,857. This equates to £43 per sq ft on the upper floors with a rent free period of 12 months and £32.50 per sq ft on lower ground with a rent free of 14 months.
The term of the lease is 11 years with a tenant’s option to break at the 7th year subject to a six month rental penalty.
McDermott, Will & Emery’s Chairman Larry Gerber commented This letting underlines our commitment to establishing a full-service law firm in London.
Peter Thornton, Chief Executive Of Greycoat said We are delighted with this transaction which now brings Greycoat’s overall lettings completed in December to 44,000 Sq ft at a contracted rent of £1.65m.