Latest commercial property news from Lambert Smith Hampton

Hand holding building

Highways Agency signs up to new HQ in Guildford

Acting for Aviva Investors, national commercial property consultancy Lambert Smith Hampton has let Bridge House Guildford to Highways Agency for a new national headquarters.

In an off market transaction, Highways Agency has signed a ten year reversionary lease for this 39,125 sq ft office building at a rent of £27.00 per sq ft. This is the largest office transaction in Guildford for two years and the largest town centre letting for five years. 

Landlord, Aviva Investors will refurbish the building and Highways Agency will take occupation in March 2015.

Highways Agency will relocate its staff from Dorking to its new base at Bridge House, which will house Highways Agency South East regional operations and provide a base for the Chairman and Chief Executive. Bridge House will also provide essential corporate functions and become the main location for Highways Agency’s maintenance and improvement activities in the South East region. 

Paul Dowson, head of LSH’s Guildford office, said: “Highways Agency was attracted to Bridge House due to its prime town centre location opposite Guildford’s mainline rail station. LSH had been working up speculative refurbishment plans with Aviva, anticipating existing tenant DCLG vacating in 2015. However, being able to secure a ten year government lease deal in an off market transaction is a great result for the fund.” 


For further information relating to this news article contact 

Contact us now

Paul Dowson
Head of Office - Guildford

01483 446703

Register for updates

Sign up today to receive these benefits:

  • Receive new property notifications
  • Save your searches
  • Access to the latest market reports
Register now

How can we help?