Office deals annual hat-trick for Vail Williams

Property consultancy Vail Williams has led the field on office transactions for the third consecutive year on the South Coast.
March 7, 2022
The recognition comes from CoStar, a global leader in commercial real estate information.

Analysis by CoStar ranked Vail Williams as the most active disposal agent for square footage and most active disposal agent for the number of deals made in the 2022 CoStar Annual Agency Awards.

The independent won the most active disposal agent by square footage in the previous two years and most active disposal agent by number of deals in 2020 as well.

Vail Williams has 11 offices across the UK, including in the port cities of Southampton and Portsmouth.

Nik Cox, a partner at Vail Williams’ Solent region, said: “It is the third consecutive year that we have won category awards on the South Coast by CoStar.

“Companies are increasingly discerning about workspace requirements as employees return to offices following the pandemic. We are proud to play a role in helping businesses grow.”

Office deals by Vail Williams include Utmost International, which provides insurance-based wealth solutions, moving 60 staff into 2 Charlotte Place, Southampton.

Global engineering, architecture and consultancy company Ramboll pre-let 12,077 sq ft on the ground floor at a flagship green building in Southampton city centre, signing a 10-year lease commitment.

The business will be the first in at Twenty3 Brunswick Place following a comprehensive refurbishment, with four remaining upper floors to let from 13,000 sq ft to 52,345 sq ft.

Four companies moved into refurbished office suites at The Slipway, Port Solent, Portsmouth in the second half of 2021, leaving just one of the 27 purpose-built units available – 715 sq ft on the first floor.

Occupiers are load sensing technology specialist Cyclops Marine, cybersecurity consultancy Modsec, internal fit-out and façade specialists MTEC Walling and Solent Sewing and Welding Machines, which supplies sewing and welding machinery to industrial textile industries along with marine fabrics and accessories.

In Portsmouth, Markerstudy Broking signed up to 11,259 sq ft of space at the Lakeside North Harbour business campus.

The CoStar accolades come as Vail Williams reported record-breaking revenues of £16.86 million for 2020-21, up from £15.5 million the previous year.