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News - 15/03/2013

Lloyds Register signs for Bracknell offices

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Lloyds Register has signed a sublease on office space at 5 Arlington Square, Bracknell, in the scheme’s latest transaction.

We are jointly retained alongside Knight Frank by Mapeley to market the available space at the office scheme in Bracknell. In this latest deal, Lloyds Register has signed for 25,000 sq ft of office space within the 96,900 sq ft 5 Arlington Square.

Lloyd's Register, the maritime classification society, has sub-let the space from loan management firm, Paratus, which holds the space until 2023 with a break option in 2018. Mapeley has been asset managing the disposal of the lease for Paratus. A rent of just under £20 per sq ft has been agreed.

Bracknell offers best value for money to office occupiers

Nick Coote, Head of our Thames Valley team, commented: “Lloyd Register’s acquisition of 25,000 sq ft at 5 Arlington Square is another vote of confidence for this office building, which in most experts’ eyes is the best available space in Bracknell.

"It is also significant good news for the town itself, which offers occupiers the best value for money when it comes to Thames Valley office space. This deal represents a significant inward investment win for Bracknell.”

Goodman owns the building, which includes a £10m data centre. LSH and Knight Frank advised Mapeley and Paratus, while CBRE advised Lloyd's Register.


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