Redman Heenan Properties Ltd, the investment subsidiary of St Modwen Properties PLC, has let a further 800 sq m (8,622 sq ft) of refurbished office accommodation at Kempton Point, Sunbury-on-Thames, at a record rent for the 3,344 sq m (36,000 sq ft) building.
Baker Hughes Ltd, the UK arm of American oil and gas services company Baker Hughes Inc., has taken a ten-year lease, with a five-year break, at an annual rent of £20.75 per sq ft.
Charles Evans of St Modwen, said: “The record rent proves the strength of the market in the M3 corridor. The letting to Baker Hughes also further strengthens the tenant line-up within the building and continues the pattern of consistent demand over the past 18 months.or so.”
The second floor (401 sq m /4,322 sq ft) and eighth floor ( 200 sq m /2,151 sq ft) are currently available to let.
St Modwen was represented by Vail Williams and Dunphys and Lambert Smith Hampton acted for Baker Hughes.
For further information contact Charles Evans of St Modwen on 020 7499 5666. Issued by Paul Raymer of Howle Chapman Raymer (0121-236-7771).