Since its re-launch last year, a major office development in Hemel Hempstead has gone from strength to strength by attracting a number of new occupiers.
With further investment from the landlord, the scheme is now gearing up for more occupational transactions in 2013.
IMEX in Hemel Hempstead
We are jointly retained by Commercial Estates Group (CEG) to market IMEX – a 52,000 sq ft, newly refurbished office scheme on Maxted Road in Hemel. Since its full refurbishment, more than 18,000 sq ft of space has been let with companies such as Abbey Pynford, Wembley Menswear, Wacom and Strategic Consultants International all secured as tenants to the building.
Changing needs of modern office occupiers
Claire Madden, Director in our Hertfordshire Agency team, commented: “Hemel has witnessed steady office take-up over the last few years. While the economy has undoubtedly been challenging, the needs and requirements of commercial occupiers have continued to evolve – namely the need for quality office space.
“CEG has always acknowledged this within its property portfolio, and its refurbishment of IMEX has delivered that quality business environment, in a building which offers value for money, flexible suite sizes, full management and easy access to the M1 motorway network. We already have interest in a further 8,500 sq ft.”
Investment made to technology infrastructure
As marketing of the remaining office space progresses into 2013, investment in IMEX’s technology infrastructure has also been made in order to continue to secure high calibre tenants. The building is now connected to fibre, meaning high-speed internet and network access for all tenants.
Remaining space being marketed
IMEX has been divided internally to provide a range of size options. On the ground floor suites from 100 sq ft are available on an ‘all inclusive’ rent basis, with the larger suites on the upper floors from 1,000 sq ft and open plan wings from 5,558 sq ft having a quoting rent of £9 per sq ft. Brasier Freeth is retained as the joint marketing agent.