Staines office park now fully occupied

The Lotus Park 1 building in Staines becomes one of the few office schemes in Thames Valley over 100,000 sq ft to be fully let.
September 4, 2023
The prominent Lotus Park riverside office development of 103,000 sq ft in Staines is now fully let.

 The final space, a 9,479 sq ft ground floor office suite, was taken by Chubb, a market leader in fire and safety solutions. Lease terms remain confidential.

Property consultancy Vail Williams acted for Legal & General Investment Management, which owns and operates the three-building Thames-side development. De Souza was instructed by Chubb.

 Chubb, part of APi Group, a leading provider of fire protection and safety solutions for customers worldwide, employs 12,000+ people and protects more than 1 million sites.

This most recent letting follows a series of successful transactions which has seen Verlingue, one of Europe’s largest independent insurance brokers, take a 4,780 sq ft suite at £38.29 psf, under Legal & Generals fitted flex product, Capsule. This followed another unnamed occupier taking 9,000 sq ft at £34.50 psf.

Vail Williams and BNP Paribas Real Estate act as joint letting agents for the Lotus Park development, which has seen nine transactions successfully completed over the last 18 months post-refurbishment.

Nick Webb, Senior Asset Manager said: “Our strategy with this development was to deliver not only top quality interior spaces, under a range of our office products, but also to create some outstanding exterior amenities which benefit from our situation next to the River Thames.

“As a trusted landlord, it is incumbent upon us to set the best possible service and amenities for our occupiers and at Lotus Park this includes 24-hour concierge, and occupier events including our summer party with live bands, BBQ, games area and boating along the river.”

Charlie Perkins, Vail Williams Surveyor based in Woking, said: “Lotus Park is an exceptional development comprehensively refurbished to Grade A specification, has superfast broadband and is conveniently located – it is good to see it fully occupied.

“The recently landscaped new waterfront gardens provide a unique riverside amenity overlooking the River Thames and have certainly been a major factor in businesses relocating here as they seek to attract and retain top talent with a superlative working environment.

Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with international businesses in the US, Europe, Middle East and Asia.