Max Property has agreed to pre-let 75,780 square feet of office accommodation at Commodity Quay on a 15 year lease to Clarksons Plc, a provider of integrated shipping services.
Rentals range from GBP43psf to GBP50psf with higher rents achieved on the higher floors. The 140,000 sq ft new refurbishment at St Katharine Docks contains 127,000 sq ft of offices, is nearing completion and will be launched in June 2014.
The letting follows the recent 22,000 sq ft pre-let also at Commodity Quay to Six Degrees Group, the specialist integrated managed communications service company, and several lettings at the nearby 210,000 sq ft International House, which is now fully let.
The scheme designed by Buckley Grey Yeoman has also attracted celebrity chef Tom Aikens to one of the two feature restaurant units at quay level, where a new Tom’s Kitchen will open in July.
The remaining 27,000 sq ft of Grade A office space at Commodity Quay comprises the top two floors plus 5,000 sq ft at first floor level and will be offered to the market through letting agents Savills, Ingleby Trice and H2SO when the building is launched in June 2014. It represents the only available remaining space at the 500,000 sq ft docks which Max Property originally acquired in 2011 with significant voids.
Ben Walford a partner in Prestbury Investments, Max Property Group’s investment advisor, says: “We are very pleased to welcome Clarksons Plc, the global leader in shipping services, who have recognised Commodity Quay’s exemplary quality coupled with its unique location in the heart of London. The strategy for St Katharine Docks has been to attract a community of different sector occupiers to create a diverse, vibrant and prosperous business and visitor community. Clarksons fully reflect this strategy.”
MPG was advised by Savills and Clarksons Plc by CBRE and J Peiser Wainwright.