Hermes fills up at One Croydon

Hermes Investment Management has leased 40,000 sq. ft. (3,716 sq. m.) of offices at One Croydon since the start of 2017.

Most recently, there have been a number of lease renewals, including Atkins which has committed to staying at One Croydon, in offices set across three and a half floors totalling 24,000 sq. ft. (2,229 sq. m.). Switch Communications and Dotmailer have also agreed to remain in the building, and will occupy 3,500 sq. ft. (325 sq. m.) and 7,500 sq. ft. (696 sq. m.) respectively. This follows a deal to Euro Alloys, the specialist aluminium rod trader, which has agreed to a new 10-year lease for 3,686 sq. ft. (342 sq. m.) on the ninth floor of the 23-storey building.

Sebastian Hayes, Asset Manager at Hermes Investment Management, said: “These latest deals are testament to the strength of One Croydon, as occupiers remain committed to staying in the iconic building. We are confident the strong fundamentals of the asset will continue to attract new businesses.”

Andrew Willcock, director in the South East office agency team at Savills, said: “Situated adjacent to East Croydon station and the fantastic food and beverage offer at Boxpark, the property is popular with firms looking to take advantage of both the strong amenity on offer and the good quality affordable office space available.”

A total of 25,000 sq. ft. (2,322 sq. m.) remains available to let at One Croydon, with suites ranging in size from 1,000 sq. ft. (92 sq. m.) up to two whole contiguous floors of 15,000 sq. ft., at a quoting rent of £29.50 per sq. ft. (£317 per sq. m.). Savills and Stiles Harold Williams advise Hermes.

Source: CoStar