The Business Magazine - B2B Business News - Site Logo
The Business Magazine March 2024
Read now
PICK YOUR EDITION

Maidenhead: Largest letting in Thames Valley completes at Voyager Place

8 January 2018
Share
property-default

Clearbell Capital, the private equity real estate fund manager, on behalf of a fund it manages, has leased 56,750 sq ft to FM Insurance Company at Voyager Place in Maidenhead in a deal that completed at the end of last year and is understood to be the largest letting in the Thames Valley in 2017.

The commercial property insurance firm has signed a new 10-year lease for office accommodation totalling 56,750 sq ft (5,272 sq m) and will occupy the building in its entirety.

The tenant will pay an annual rent of £1.74 million, equating to £32 per sq ft.

The letting follows the £7m refurbishment of Voyager Place undertaken by Clearbell after the fund manager purchased the building in December 2015.

Duncan Jarvis, director at Clearbell, said: “This deal is one of the largest single lettings in the South East in 2017. Located at the edge of town centre, in a key Thames Valley business location, the building provides excellent car parking provision and strong branding potential. The letting to FM Insurance Company, within five months of completing the refurbishment, vindicates the decision to take an early surrender and commit to a full Grade A refurbishment."

Voyager Place was acquired as part of the Chalk portfolio, a group of seven office assets in the South East.

Clearbell was advised by Savills and Lambert Smith Hampton.

Colliers International advised FMIC.

Source: CoStar


Related articles

Upcoming events

view more
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
12
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info
07
Nov

Thames Valley Deals Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info

Related articles