Max Property Group Lease Announcement


 
TIDMMAX 
 
Max Property Group 
("Max Property") 
 
Max Property Group Plc ("Max") leases 30,000 sq ft of prime office space at St 
Katharine Docks to UK's leading learning company QA Limited ("QA") 
 
  * Pre-let agreement is for the entire third floor of International House 
    adjacent to the West Marina within idyllic St Katharine Docks 
  * Ten-year lease 
  * Significant investment being made into the Dock and surrounding buildings 
 
Max Property Group, the owner of the iconic St Katharine Docks, is delighted to 
announce a significant pre-let agreement with QA Limited - the UK's leading 
learning company. 
 
A pre-let agreement has been completed for QA to occupy 30,000 sq ft of newly 
refurbished prime office space, the entire third floor of International House 
that benefits from the idyllic backdrop of the St Katharine Docks marinas.  The 
ten year lease has been agreed, ahead of Max's business plan, at  GBP37.50 per sq 
ft. 
 
The Docks will offer QA a premier business location in the heart of central 
London.  With access to local amenities and restaurants, as well as its close 
proximity to the historic Tower Bridge and Tower of London, the site provides a 
truly unique working environment. 
 
Ben Walford of Prestbury Investments, Max's investment advisor, said of the 
agreement: 
 
"QA is the UK's leading learning company and we are delighted that such a high 
profile company has agreed to lease office space within International House, 
demonstrating St Katharine Docks' ability to appeal to a wide range of 
occupiers. 
 
"We are continuing to make significant investments into the improvement of the 
Dock and its surrounding buildings in order to attract further businesses to 
this unique site and this agreement is a significant step towards realising our 
vision for this iconic London site." 
 
Harvey Thomas, QA's Operations Director commented: 
 
 
"QA's expansion into International House at St Katharine Docks builds on QA's 
other four London training locations to give our delegates another quality 
location that will be fitted out to high specification, as befits the area". 
 
The refurbishment of International House is part of significant upgrade and 
investment works being carried out by Max Property Group in order to bring the 
Dock and its surrounding office and retail space to high-quality and modern 
standards for its existing and future tenants. 
 
3 April, 2012 
 
ENQUIRIES: 
 
 Prestbury Investments LLP   Tel: 020 7647 7647 
 
 Ben Walford 
 
 
 
 QA Limited                  Tel: 01753 898 300 
 
 Toby Lankester 
 
 
 
 College Hill                Tel: 020 7457 2020 
 
 Mike Davies 
 
 Helen Tarbet 
 
 
 
 Oriel Securities (NOMAD)    Tel: 020 7710 7600 
 
 Joe Winkley 
 Gareth Price 
 Mark Young 
 
 
 
END 
Notes to Editors: 
  * For all media enquiries about St Katharine Docks please contact Henry Cox at 
    London Communications Agency on hc@londoncommunications.co.uk or 
    020 7612 8477 or mobile 07739 023173 
  * For enquiries into business letting opportunities at St Katharine Docks 
    please contact Ben Walford at Prestbury Investments on benw@prestbury.co.uk 
    or 020 7647 7647 
  * For enquires regarding QA Limited, please contact Toby.Lankester@qa.com or 
    01753 898 300 
 
St Katharine Docks: 
  * St Katharine Docks was acquired for  GBP156 million by Max Property Group Plc 
    in July 2011 and is managed by Max's external managers Prestbury 
    Investments. 
 
  * St Katharine Docks, adjacent to the Tower of London and Tower Bridge on the 
    River Thames, is Central London's only marina comprising 160 berths 
    surrounded by 600,000 sq ft of commercial space which houses small, mid-size 
    and large international tenants. 
 
  * The major vacant commercial premises, being upgraded to top specification 
    commercial space standards, are 
      * Commodity Quay offices (130,000 sq ft) - fronting St Katharine Docks - 
        delivery March 2013 
      * A further 34,000 sq ft of mixed office, retail and restaurant use - 
        delivery September 2012 - March 2013 which will enhance the enjoyment of 
        the estate whilst retaining its unique environment. 
 
  * Further improvements to the Dock will include major upgrade works of the 
    East, West and Central marinas to bring them to a high quality, 
    international standard and make them even more appealing to high profile 
    events and visiting vessels.  This will include more efficient pontoons, 
    better amenities for large yachts and upgrading shoreside facilities for 
    visiting boat owners and office occupiers alike. 
 
 
 
 
 
 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Max Property Group plc via Thomson Reuters ONE 
[HUG#1599549]
Max Prop (LSE:MAX)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024