Building 2, of the KWB-agented scheme, Eagle Court offices in Solihull has secured the expansion of two of its existing occupiers – Virgin Media and Rexel UK Ltd. With 22,000 sq ft being let in the process, the scheme is now 84% occupied.
Julian Cobourne, Asset Manager for building owners, Aviva Investors, said: “Securing over 20,000 sq ft of lettings at Eagle Court is fantastic news – and we’re pleased that the property has achieved a rental of £17 per sq ft. We’re delighted that Virgin Media continues to expand within Eagle Court, and that they use the scheme as their core office for the West Midlands region. Such a high profile occupier, with a stake of this size – now 85,000 sq ft – reinforces the significance of the development within the region.”
KWB Director, Mark Robinson, pictured right, commented, “Virgin’s expansion on the second floor of Eagle Two was secured in unison with Rexel, who doubled their holding to 22,000 sq ft.
“Eagle Court provides high quality offices in Solihull, at a time when larger, good quality offices in Solihull and the M42 corridor have become increasingly scarce. It is one of the few remaining office schemes that can readily offer occupiers the high quality office space they desire, without refurbishment.
“As the strength of the market pushes the balance in favour of the landlord, it dictates a more secure lease structure, with fewer incentives being offered. As such, the condition of a property’s mechanical and electrical elements is a top priority for larger occupiers looking for office space. Importantly, Eagle Court delivers on this, and that enhances the property’s appeal.“
Working on behalf of Aviva Investors, KWB is joint commercial property agent on Eagle Court with Cushman & Wakefield and CBRE.