Final Letting at Stockley Park

Chester Properties and CarVal Investors have exchanged contracts on a ten-year lease on the whole ground floor of 3 Roundwood Avenue, Stockley Park (ca. 21,000 sq ft) with Verifone. Terms were confidential but the quoting rent was £35 per sq ft.  Verifone will be moving from nearby Cowley Business Park.  

 

The letting means that Chester Properties and CarVal Investors and have successfully found occupiers for 1, 3 and 5 Roundwood Avenue. These have also included leases to Kuehne + Nagel (ca. 16,000 sq ft), Cargo Logic (ca. 21,000 sq ft) and the sale to MSC Shipping of 5 Roundwood Avenue (ca. 46,000 sq ft) for its own occupation. This follows on from the earlier successful refurbishment and letting to Lucozade Suntory of 2 Longwalk Road.

 

Chester Properties and CarVal Investors were represented by JLL, Cushman and Wakefield and DTRE with Verifone represented by Cushman and Wakefield.

 

Michael Landers, director at Chester Properties, commented: “The letting to Verifone concludes a successful marketing and letting campaign for the four buildings over the last few years, which has resulted in just over 150,000 sq ft let or sold to occupiers in that period.  The success is testament to the quality of the refurbishments carried out and also our ability to meet the various occupier requirements."