Max Property Group Lease Announcement
April 03 2012 - 1:00AM
UK Regulatory
TIDMMAX
Max Property Group
("Max Property")
Max Property Group Plc ("Max") leases 30,000 sq ft of prime office space at St
Katharine Docks to UK's leading learning company QA Limited ("QA")
* Pre-let agreement is for the entire third floor of International House
adjacent to the West Marina within idyllic St Katharine Docks
* Ten-year lease
* Significant investment being made into the Dock and surrounding buildings
Max Property Group, the owner of the iconic St Katharine Docks, is delighted to
announce a significant pre-let agreement with QA Limited - the UK's leading
learning company.
A pre-let agreement has been completed for QA to occupy 30,000 sq ft of newly
refurbished prime office space, the entire third floor of International House
that benefits from the idyllic backdrop of the St Katharine Docks marinas. The
ten year lease has been agreed, ahead of Max's business plan, at GBP37.50 per sq
ft.
The Docks will offer QA a premier business location in the heart of central
London. With access to local amenities and restaurants, as well as its close
proximity to the historic Tower Bridge and Tower of London, the site provides a
truly unique working environment.
Ben Walford of Prestbury Investments, Max's investment advisor, said of the
agreement:
"QA is the UK's leading learning company and we are delighted that such a high
profile company has agreed to lease office space within International House,
demonstrating St Katharine Docks' ability to appeal to a wide range of
occupiers.
"We are continuing to make significant investments into the improvement of the
Dock and its surrounding buildings in order to attract further businesses to
this unique site and this agreement is a significant step towards realising our
vision for this iconic London site."
Harvey Thomas, QA's Operations Director commented:
"QA's expansion into International House at St Katharine Docks builds on QA's
other four London training locations to give our delegates another quality
location that will be fitted out to high specification, as befits the area".
The refurbishment of International House is part of significant upgrade and
investment works being carried out by Max Property Group in order to bring the
Dock and its surrounding office and retail space to high-quality and modern
standards for its existing and future tenants.
3 April, 2012
ENQUIRIES:
Prestbury Investments LLP Tel: 020 7647 7647
Ben Walford
QA Limited Tel: 01753 898 300
Toby Lankester
College Hill Tel: 020 7457 2020
Mike Davies
Helen Tarbet
Oriel Securities (NOMAD) Tel: 020 7710 7600
Joe Winkley
Gareth Price
Mark Young
END
Notes to Editors:
* For all media enquiries about St Katharine Docks please contact Henry Cox at
London Communications Agency on hc@londoncommunications.co.uk or
020 7612 8477 or mobile 07739 023173
* For enquiries into business letting opportunities at St Katharine Docks
please contact Ben Walford at Prestbury Investments on benw@prestbury.co.uk
or 020 7647 7647
* For enquires regarding QA Limited, please contact Toby.Lankester@qa.com or
01753 898 300
St Katharine Docks:
* St Katharine Docks was acquired for GBP156 million by Max Property Group Plc
in July 2011 and is managed by Max's external managers Prestbury
Investments.
* St Katharine Docks, adjacent to the Tower of London and Tower Bridge on the
River Thames, is Central London's only marina comprising 160 berths
surrounded by 600,000 sq ft of commercial space which houses small, mid-size
and large international tenants.
* The major vacant commercial premises, being upgraded to top specification
commercial space standards, are
* Commodity Quay offices (130,000 sq ft) - fronting St Katharine Docks -
delivery March 2013
* A further 34,000 sq ft of mixed office, retail and restaurant use -
delivery September 2012 - March 2013 which will enhance the enjoyment of
the estate whilst retaining its unique environment.
* Further improvements to the Dock will include major upgrade works of the
East, West and Central marinas to bring them to a high quality,
international standard and make them even more appealing to high profile
events and visiting vessels. This will include more efficient pontoons,
better amenities for large yachts and upgrading shoreside facilities for
visiting boat owners and office occupiers alike.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Max Property Group plc via Thomson Reuters ONE
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