LGIM Real Assets (Legal & General) announces that it has secured a 10 year lease with Ricoh UK Ltd at Lotus Park in Staines, on behalf of its Managed Property Fund.
23 May 2019
Lotus Park comprises 103,000 sq ft of grade A office space, arranged over three buildings, adjacent to the river in Staines Upon Thames. Ricoh UK Ltd has taken a 10,678 sq ft unit, situated on the first floor of ‘Building Three’, at a rent of £32 per sq ft.
Legal & General has carried out a full refurbishment of Building Three, Lotus Park which included adding a new third floor and incorporating a striking triple height atrium. The building comes with a dedicated Concierge Service, bike store and shower facilities, extensive outside garden and amenity space, as well as 226 dedicated car parking spaces.
Mark Russell, Senior Fund Manager of the Managed Property Fund at Legal & General: "We are delighted to see Ricoh join us at Lotus Park, and are pleased with the interest we have had from other high quality occupiers to lease the remaining space."