The first deal at Commercial Estates Group’s (CEG) Horizon office scheme in Hurley, Maidenhead, has been agreed.
Zetes, a pan-European ID technology business, has signed for 13,300 sq ft.
Jointly with Hanover Green LLP, we represent CEG in marketing the brand new 82,555 sq ft office scheme.
Relocation from Ascot
Zetes is a market leading company in the value-added solutions and services industry, specialising in the Automatic Identification of Goods and People (Goods ID and People ID). Established in 1984 with headquarters in Belgium and operations in 14 countries, Zetes has grown both organically and through acquisitions.
Most recently the company announced a record year for growth in 2010, with group profits of £7.1m, up almost 60%. Its acquisition of 13,300 sq ft on half of the ground floor at Horizon will see Zetes relocate from its current premises in Ascot, gearing the team for business expansion.
Zetes to move in September 2011
A rent of £18.00 per sq ft was agreed, and Zetes has appointed Maris International to proceed with its design and fit-out with plans to occupy the building from September 2011.
James Scott, Managing Director at CEG, commented: “The needs of the modern occupier play an important part in our proactive asset management, and this deal is no exception. CEG has invested in delivering a dedicated transport link between Horizon and Maidenhead train station, as well as implementing café and gym facilities in the building.
“While the scheme is not in a town or city centre, it’s imperative that it still meets the needs of the 21st century occupier – transport and amenities being high on the list.”
New office to support business expansion
James Hannay, Senior VP for Northern Europe at Zetes, concluded: “The economic climate has placed IT systems like those provided by Zetes, which help companies to cut their running costs, become more productive and comply with new legislation, in high demand.
"Consequently, we are growing very fast. The offices and location we have chosen perfectly suit our expanding business requirements.”