Tesco Underwriting agrees lease at Valad Europe’s London Court offices, Reigate
Valad Europe, the multi-let real estate investment manager, has signed a new ten-year lease with Tesco Underwriting at London Court, Reigate.
Tesco Underwriting, which was established to underwrite Tesco branded insurance policies on behalf of Tesco Personal Finance, will occupy 7,740 sq ft of office space on the top floor of the building.
Located a short walk from Reigate station, the four storey, 35,869 sq ft office building was developed in 2009 and is the only new development in Reigate town centre.
Rob Howe, head of UK real estate at Valad Europe, says: “We are delighted to have secured Tesco Underwriting to London Court and are grateful for some excellent work from our team of asset managers and agents, particularly considering the tough local occupier market. With Tesco now moved in, we are looking forward to attracting more new companies to Reigate and helping to provide a further boost to the local economy.”
Knight Frank and Michael Rogers advised Valad Europe, with Maxwell Brown acting for Tesco Underwriting.