27/08/2009
Acting on behalf of JLG Investments Ltd, Leading real estate adviser Vail Williams LLP, has successfully let 5,516 sq ft (592.9 sq m) within Chilworth Point, Southampton, a high quality office development situated at the top of The Avenue, at its junction with the M3.
The letting is to Technology Services Group, a professional IT services business with headquarters in Newcastle upon Tyne, and it demonstrates the attraction of high quality offices in a prominent and accessible location. The company has entered into a 10-year lease at the asking rental of £19 per sq ft and will be using the space for administrative purposes.
The balance of the accommodation, a further 2,034 sq ft (181.4 sq m) on the ground floor, has also quickly been taken up by the Guide Dogs for the Blind Association who have also entered into a 10-year lease at £19 per sq ft. They too will be using the space for administrative purposes although they expect some canine visitors.
Jason Webb, partner at Vail Williams in Southampton commented: “These lettings demonstrate that despite difficult market conditions there is still demand for high quality well located accommodation.”
