RO Real Estate is pleased to announce that it has completed a new lease to NHS Shared Business Services Ltd ("NHS") at its Southampton office development, Waterside Place, situated on the harbourfront at Town Quay.
NHS is the second tenant to take space in the newly refurbished Building 3 following the letting of the ground and first floors to EV Cargo Global Forwarding in February 2022. They join a variety of other occupiers on the wider Estate including Faststream Recruitment; NMT International Shipping; and the Secretary of State for Levelling Up, Housing, and Communities.
NHS have signed a lease for a term of nine years on the second floor (5,415 sq. ft.) which leaves the third floor (5,266 sq. ft.) as the only floor remaining available.
Having undergone substantial refurbishment, the building benefits from a new air conditioning system, new lift, remodelled reception area, new shower facilities on each floor, contemporary outdoor amenity space, and bike storage. There are a total of 12 parking spaces available with the third floor. Consideration has also been given to a number of sustainability and healthy workplace initiatives which have resulted in the building being awarded a 2-star Fitwel accreditation.
RO Real Estate was advised by CBRE and Vail Williams, and NHS was advised by Vail Williams.
Ed Davidson, Asset Management Director, RO Real Estate commented:
"It is testament to the quality of refurbishment, specification, and location of this building that we are experiencing continued leasing success here. This letting establishes a new headline rent at £23 psf with the quoting rent for the final, and arguably best floor, now at £24.50 psf. We remain confident in the strength and depth of the Southampton office market, despite turbulence in the wider economy, not least in this location which offers all the benefits of city centre amenities in a more tranquil environment, with superb on-site parking."
David Kershaw, Group Real Estate Director, RO Real Estate commented:
"We are extremely proud to have completed this lease at one of our Southampton properties with NHS, a well respected and much treasured national icon and sought after tenant, given the strong covenant associated with Government entities."
Waterside Place is situated on Southampton's harbour front, affording excellent views toward the Solent. The estate is immediately adjacent to the A33, which is the main thoroughfare through the city, providing excellent road access to the M27 and the M3. Nearby occupiers include the headquarters of P&O Carnival, PwC, and Lloyds Bank.
Starbucks is located at Town Quay and further restaurants and convenience stores lie within a short walk. The Southampton Harbour Hotel & Spa is located right on the water's edge at Ocean Village and features an excellent restaurant and rooftop bar, making it perfect for entertaining during the day and socialising after work.