Orchard Street Investment Management, the specialist commercial property investment manager, on behalf of St James’s Place wealth management, announces that it has signed two further lettings resulting in the Pinnacle being fully let.
Rapidata, a data administration company, has taken the entire 5,550 sq ft ground floor on a new 10 year lease and Niagara Healthcare, a manufacturer of healthcare products, will occupy the 6,080 sq ft first floor, also on a 10 year lease.
Pinnacle is situated in a prime town centre location opposite the main railway station and is a popular building for tenants seeking well-located, modern office space. These transactions underline the resurgence in Crawley’s office market that has occurred in the past two years. In 2013, take up of office space in Crawley stood at 280,000 sq ft and in 2014 take up is already 140,000 sq ft compared with the five year average of 158,000 sq ft.
Richard Walters, Associate Partner at Orchard Street said:
“We are extremely pleased to have fully let the Pinnacle which is testament to the hard work of the team and the building’s high specification in an ideal town centre location. Crawley continues to be a thriving business centre and we expect demand for high quality office space to remain strong.”
Stiles Harold Williams and Colliers International acted for Orchard Street.
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Orchard Street Investment Management
Established in 2004, Orchard Street Investment Management LLP is a leading specialist commercial property investment manager, focused on the UK market. It acts on behalf of institutional clients world-wide to advise on investing in and the active management of property assets, including industrial, retail warehouses, offices and shopping centres. Orchard Street currently has assets under management exceeding £4 billion.