Our Knowledge Centre combines a unique set of useful tools to assist ALL office movers. Use our moving guides, office space calculator, dynamic rental map and other tools to get an idea of what type of office your company needs. We’ll make sure you get there.
Register for FREE now and get full access.
Woking Borough Council has completed a major purchase, spending £72.35 million on the Dukes Court office complex in the town centre, just three years after the original purchase was made by Ærium and NorthStar Realty Europe for £61.5 million.
The Dukes Court office complex consists of an astonishing 224,000 sq ft. The E-shaped scheme is comprised of five interlinked blocks set on three acres of land. It was built in 1987 and underwent a comprehensive refurbishment between 2008 and 2012.
Fraser Williams, Director at Morgan Pryce and leading Chartered Surveyor in London, explains; “It’s a genuinely positive sign when council / government funds are put into viable investments. All real estate – whether commercial office spaces in London or residential units – deserves government attention on a fiscal level.”
Since buying the complex, Ærium and NorthStar Realty Europe have brought it to 100% occupancy, with 13% rental growth also achieved during their three-year ownership period. Tenants include HMRC, Kuwait Petroleum, Kuwait Aviation, Paradigm Geophysical, and Fidessa Group.
This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.