RO completes 23,675 sq ft of lettings at Hemel One
RO Real Estate, the UK commercial property investment and development company, has completed two new lettings totalling 23,675 square feet at its prime office building, Hemel One in Hemel Hempstead, Hertfordshire.
NHS Herts Valleys Clinical Commissioning Group (HVCCG) has taken 10,366 sq ft on the second floor, on a five-year lease at a rent of GBP18.64 per sq ft. RO is also undertaking the tenant’s fit out work on their behalf.
HVCCG is a recently-formed clinical commissioning group that comprises all 70 GP practices in the west Hertfordshire region and commissions local hospital services, mental health services and community services such as community nurses and therapists.
Kodak Alaris has also signed up for a further ten years on 13,309 sq ft on the second floor of the building, located on Boundary Way. It has signed a new reversionary lease from July 2015 at GBP16 per sq ft. Kodak has been in Hemel One since July 2005.
Hemel One is a high-quality office building, comprising 96,000 sq ft of air conditioned office space over four floors.
Richard Bourne, head of RO Real Estate, says: “This latest deal demonstrates the quality of the building and services on offer. We continue to retain valued tenants and attract new high-profile businesses to the building. We are delighted to welcome Herts Valleys CCG and to keep the building fully let.”
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