Lease

Orchard Street secures final two lettings at the Pinnacle in Crawley

Orchard Street Investment Management, on behalf of St James’s Place, has signed two further lettings in the Pinnacle in Crawley.

The building is now fully let.
 
Rapidata, a data administration company, has taken the entire 5,550 sq ft ground floor on a new 10 year lease and Niagara Healthcare, a manufacturer of healthcare products, will occupy the 6,080 sq ft first floor, also on a 10 year lease.
 
Pinnacle is situated in a prime town centre location opposite the main railway station. The transactions underline the resurgence in Crawley’s office market that has occurred in the past two years. In 2013, take up of office space in Crawley stood at 280,000 sq ft and in 2014 take up is already 140,000 sq ft compared with the five year average of 158,000 sq ft.
 
Richard Walters, associate partner at Orchard Street, says: “We are extremely pleased to have fully let the Pinnacle which is testament to the hard work of the team and the building’s high specification in an ideal town centre location. Crawley continues to be a thriving business centre and we expect demand for high quality office space to remain strong.”
 
Stiles Harold Williams and Colliers International acted for Orchard Street.

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