Tuesday, October 15, 2024

Second sub-letting completed at Discovery House

A second sub-letting has been completed at Discovery House, situated on Ruddington Fields Business Park.

The ground floor suite comprised 2,769 sq ft of open plan office accommodation that was undergoing a refurbishment during the letting, which allowed the occupier to adapt their preferences alongside the refurbishment.

Capita, the sublessor, occupy the whole of Discovery House offering a fully manned concierge area, WC and shower facilities, alongside meeting rooms that can be hired out for client meetings.

Capita’s need for office space had significantly reduced since the Government introduced the working from home scheme which led to a reduced office footprint.

PremTech Ltd are the latest to agree a sub-letting at Discovery House, with their main office based in Ashby-De-La-Zouch.

A sub-letting was previously carried out in 2023 for part of the ground floor, to Bentley Project Management Ltd. PremTech Ltd have now obtained the remaining space on the ground floor securing 8,000 sq ft of take-up for Capita to reduce their expenditure.

Amy Howard, Surveyor at FHP Property Consultants, said: “PremTech Ltd had been actively looking at offices for several months, considering numerous options along the way. Despite multiple viewings, it became evident that they had specific requirements for their new office space.

“Discovery House emerged as a strong contender, although a few of their needs remained unresolved. To address these concerns, we arranged an on-site meeting with Capita allowing a thorough discussion of the remaining issues.

“This meeting proved beneficial allowing us to secure them as an occupier. A key advantage of this collaboration was that Premtech could directly work with Capita on the refurbishment, ensuring the office was tailored to their preferred tastes.

“PremTech are a great new addition to the Business Park, offering a diverse range of occupiers. I am thrilled to have successfully closed this deal for my client, achieving their primary goal of reducing their costs while also breathing new life into Discovery House. I wish both parties all the best in their next endeavours.”

Elizabeth Cashon, Estates Surveyor, Group Property at Capita, said: “This is the second successful letting that FHP has secured for us in Discovery House, we came to them for advice and they delivered on this in securing two tenants.”

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