Lease

M&G Real Estate agrees 10-year Renaissance lease with Mott McDonald

Wed, 21/05/2014 - 16:06

M&G Real Estate has agreed a lease on the 20,997 square foot fourth floor at its Renaissance office development in Croydon until 2024 with management and development agency Mott MacDonald.

In addition to the 40,241 sq ft taken by The Board of the Pension Protection Fund, the building is over 60 per cent let since M&G Real Estate’s acquisition last July from Abstract Securities.
 
Renaissance provides 100,000 sq ft of Grade ‘A’ office accommodation comprising five floors offering flexible floor plates of 20,000 sq ft. The building is one of the first speculative builds in the UK to achieve BREEAM (2011) Excellent standard and has been short listed for a number of national property awards.
 
Duncan Holmes, associate director, M&G Real Estate, says: “With rents from GBP23.50 per sq ft, Renaissance still provides one of the most competitive Grade ‘A’ office buildings in the South East, and the superb communications from East Croydon station and the significant changes expected in Croydon in the immediate future suggest it won’t be long before announcements are made about the remaining space in the building.”


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