St Martins secures Stella lettings at Windmill Hill, Swindon
24 October 2008
International property investment and development company St Martins has let 10,000 sq ft of office space at its award winning Windmill Hill Business Park in Swindon.
EnergySolutions EU Limited advised by King Sturge LLP has taken 7,613 sq ft at the Park’s Stella building, while existing tenant Ubiquisys have expanded their occupancy of the same building by taking a further 2,555 sq ft. The two transactions leave just 2,300 sq ft available for immediate occupation in the ‘Very Good’ BREAAM-rated Stella building. Other occupiers include Royal Bank of Scotland, Handlesbanken, Robert Half International, Definitive Consulting and Isotron.
The deals represent the latest in a string of lettings at Windmill Hill in the last twelve months. The UK’s largest building society Nationwide took the whole of the Pegasus building, which brings the total space let at Windmill Hill since the second half of 2006 to approximately 85,000 sq ft, approximately 12% of the office take-up for the whole of Swindon during that period.
Lindsey Robinson, Development Director at St Martins, said: “During a time when the office market across the UK is experiencing a significant downturn, Windmill Hill Business Park continues to attract a great deal of interest because of its excellent location adjacent to the M4 and because of the high-quality of the office space it offers in such a pleasant parkland setting.”
Mark Morant, Executive President at EnergySolutions International Group, commented: “We selected the Stella Building because it projects a modern and innovative image that fits well with EnergySolutions’ growing international business. We were also greatly impressed by the reputation and high calibre of the other occupiers on the Park.”
St Martins is also offering Design & Build opportunities at Windmill Hill of 100,000 sq ft upwards to suit occupiers’ needs, and has recently refurbished the Sigma building in the Park, which provides circa 12,000 sq ft of lettable office space in a prominent position.
The quoting rent at Windmill Hill is £18.50 per sq ft. Joint agents for St Martins are Whitmarsh Lockhart, Hartnell Taylor Cook and Cushman & Wakefield.
Notes to editors:
Windmill Hill is an established business location overlooking the Wiltshire countryside, located less than one mile from Junction 16 of the M4 motorway. Set within 80 acres of mature landscaping, Windmill Hill currently provides 670,000 sq ft (62,245 sq m) of office and business space, with a well-known list of occupiers including Cable & Wireless, Regus, George Wimpey, Dialog, Lucent Technologies, RWE npower, Hochtief (UK) Ltd and Arval PHH. When completely developed, Windmill Hill will provide approximately 1 million sq ft (92,903 sq m) of business space with amenities such as an on-site nursery, 24-hour security and on-site management offices.
For further information, please contact:
Richard Stocks, FD Tamesis: +44 (0)20 7269 9355/+44 (0)7951 328475
