20 November 2019
Circle Property Plc
(“Circle” or the “Company”)
Lettings at Concorde Park, Maidenhead
Circle Property Plc (AIM: CRC), which invests in, develops and actively manages well-located regional office assets, is pleased to announce two lettings totalling 21,461 sq ft at Concorde Park in Maidenhead – the first lettings at the park since it was acquired in August 2019.
Global service office group Regus has taken a 10 year lease on 16,861 sq ft on the first floor of Buildings 2 & 3 and will be opening the centre in the New Year. In addition, global supply chain risk management specialist Avetta has committed to a 5 year lease on the ground floor of Building 1, moving from Maidenhead town centre.
Edward Olins, Chief Operating Officer of Circle Property Plc, said:
“We are pleased to have secured these lettings so soon after the acquisition of the park, adding significant value to the asset on behalf of our shareholders and continuing our active asset management strategy.”
Jeremy Metcalfe, Partner at Hollis Hockley, said:
“It is fantastic to have endorsement in the quality of Concorde Park from two global firms, Regus and Avetta. Concorde Park is located less than a mile from Maidenhead train station and with a shuttle bus is well placed to benefit from the arrival of the Elizabeth Line in Maidenhead.”
Dominic Faires, Head of Agency at LSH Maidenhead office, said:
“Supply of good value Grade A office space is very low in Maidenhead, with 22,500 sq ft left available to let and with a new amenity to be announced shortly, Concorde Park is well placed to secure further lettings in 2020.”
Hollis Hockley and LSH are appointed as leasing agents on Concorde Park. Regus and Avetta were unrepresented.