Clearbell Capital, on behalf of a fund it manages, has let 56,750 sq ft to FM Insurance Company at Voyager Place in Maidenhead.
The commercial property insurance company has agreed a 10-year lease for the offices and will occupy the building in its entirety. It will pay an annual rent of £1.7m, equating to £32 per sq ft.
The deal follows the £7m refurbishment of Voyager Place undertaken by Clearbell after the fund manager purchased the building in December 2015.
Duncan Jarvis, director at Clearbell, said: “This deal is one of the largest single lettings in the South East in 2017.
“Located at the edge of the town centre, in a key Thames Valley business location, the building provides excellent car parking provision and strong branding potential. The letting to FM Insurance Company, within five months of completing the refurbishment, vindicates the decision to take an early surrender and commit to a full grade-A refurbishment”.
Voyager Place was acquired as part of the Chalk portfolio, a portfolio of seven office assets in the South East.
Clearbell was advised by Savills and Lambert Smith Hampton; Colliers International represented FMIC.
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