Max Property Group PLC Pre-let at Commodity Quay, St Katharine Docks (6147I)
June 02 2014 - 9:15AM
UK Regulatory
TIDMMAX
RNS Number : 6147I
Max Property Group PLC
02 June 2014
PRESS RELEASE
2 June 2014
Max Property Group PLC announces major pre-let at
Commodity Quay, St Katharine Docks
Max Property announces today that it has agreed to pre-let
75,780 sq ft of office accommodation at Commodity Quay on a 15 year
lease to Clarksons Plc, the world's leading provider of integrated
shipping services. Rentals range from GBP43psf to GBP50psf with
higher rents achieved on the higher floors. The 140,000 sq ft new
refurbishment at St Katharine Docks contains 127,000 sq ft of
offices, is nearing completion and will be launched in June
2014.
The letting follows the recent 22,000 sq ft pre-let also at
Commodity Quay to Six Degrees Group, the specialist integrated
managed communications service company, and several lettings at the
nearby 210,000 sq ft International House, which is now fully
let.
The scheme designed by Buckley Grey Yeoman has also attracted
celebrity chef Tom Aikens to one of the two feature restaurant
units at quay level, where a new Tom's Kitchen will open in
July.
The remaining 27,000 sq ft of Grade A office space at Commodity
Quay comprises the top two floors plus 5,000 sq ft at first floor
level and will be offered to the market through letting agents
Savills, Ingleby Trice and H2SO when the building is launched in
June 2014. It represents the only available remaining space at the
500,000 sq ft docks which Max Property originally acquired in 2011
with significant voids.
Ben Walford a partner in Prestbury Investments LLP, Max Property
Group's investment advisor, commented:
"We are very pleased to welcome Clarksons Plc, the global leader
in shipping services, who have recognised Commodity Quay's
exemplary quality coupled with its unique location in the heart of
London. The strategy for St Katharine Docks has been to attract a
community of different sector occupiers to create a diverse,
vibrant and prosperous business and visitor community. Clarksons
fully reflect this strategy."
MPG were advised by Savills and Clarksons Plc by CBRE and J
Peiser Wainwright.
- END -
-- For media enquiries or further information about Max Property
Group and Prestbury Investments, contact Nina Legge or Stephanie
Highett at FTI on 020 3727 1000 or Mike Brown at Prestbury on 020
7647 7647; and for media enquiries or information about St
Katharine Docks please contact Henry Cox at London Communications
Agency on hc@londoncommunications.co.uk , mobile 07739 023173 or
020 7612 8481.
-- For enquiries into business letting opportunities at St
Katharine Docks, please contact Ben Walford at Prestbury
Investments on ben@prestbury.co.uk or 020 7647 7647.
Notes to Editors:
St Katharine Docks
-- St Katharine Docks, adjacent to the Tower of London and Tower
Bridge on the River Thames, is Central London's only marina
comprising 160 berths surrounded by 500,000 sq ft of commercial
space which houses small mid-size and large International
companies.
-- St Katharine Docks was acquired for GBP156 million by Max
Property in July 2011 in a joint venture 60% owned by Max Property
and is managed by Max's external managers, Prestbury
Investments.
-- Since Max Property's acquisition of St Katharine Docks in
2011, over 70,000 sq ft of prime office space at the 210,000 sq ft
International House has been let to companies including QA Limited
the UK's leading learning company, Sectorlight, ex Saatchi and
Saatchi Director Jerry Llewellyn's brand agency, and high-growth
tech start-up hub Rainmaking Loft.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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