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28th February 2018

Network House hits 80% occupancy

Home > News > Network House hits 80% occupancy

Further lettings within Network House on Basing View mean that the building is now 80% occupied.  This reflects a significant turnaround from the position back in 2013 when less than 50% of the building was full.

Deals over the past 3 months have included an expansion by Wates Construction (an existing tenant in the building) and open market lettings to Kulite Sensors and Crouch Waterfall Ltd.

The building’s popularity has seen a marked improvement since a decision was taken by the Landlord to subdivide 6,000 sq ft floor plates into small suites, generally ranging between 1,000 and 2,000 sq ft.  Further investment in upgrade works to some of the common parts of the building has also helped to reposition the attraction of the building.

bdt act as sole agents for the Landlord and are now offering the remaining options:

  • 1,400 sq ft (fully furnished) on the 8th floor.
  • 4,710 sq ft (to be refurbished) on the 5th floor.
  • The creation of suites from circa 800 sq ft up to 2,200 sq ft on the 1st Floor following a subdivision and refurbishment exercise which will commence very shortly.

Rents in the building are now touching £14.00 – £15.00 per sq ft.

 

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