DOUBLE LETTINGS SUCCESS AT CITY CENTRE OFFICE SCHEME

Office News

Two lettings have been secured in as many months at the Hounds Gate office development in Nottingham city centre.

The deals have been brokered by joint agents, DTZ in Nottingham and FHP acting on behalf of landlord, Catalyst Capital LP.

In the first of the deals, 5,635 sq ft of office space on the second floor of the scheme has been let to Severn Trent on a 10 year lease. Severn Trent was represented by Lambert Smith Hampton. 

A further 2,041 sq ft of space on the fifth floor has been let to recruitment consultancy, Badenoch & Clark on a five year lease.

The Hounds Gate scheme provides high quality refurbished office space and is centrally located with good access to Nottingham’s amenities and transport links. Other occupiers in the multi-let building include Browne Jacobson and Vasek Insurance.

The remaining available space at the building is due to undergo refurbishment later this month. This includes 7,689 sq ft of self contained accommodation on the ground floor which benefits from sole use of the courtyard garden and a further suite totalling 3,607 sq ft on the third floor. Once complete the refurbishment will provide high quality open plan office space which will maximise natural lighting and benefit from comfort cooling throughout, suspended ceilings, new carpets and LG7 compliant lighting.

James Hartley, Surveyor at FHP, said:

“This is a great way to start the year with these two deals completing in such quick succession. The two suites were already refurbished to the same high standard as the remaining suites will be, so we are very confident that once the refurbishment works have been finalised we will see a great deal of interest.”

He added:

“The lettings are testament not only to the quality of the office space on offer but also to the landlord’s flexible and tenant friendly approach which is a real aid in what is a very competitive city centre office market.”

George Alcock, Surveyor at DTZ in Nottingham, commented:

“We are confident that the quality of the refurbishment will see the remaining space being snapped up by occupiers keen to secure centrally located and well specified office space.”