Aviva Investors Property Trust, advised by Hanover Green and JLL, has set a record office rent for the Ealing area at its Ealing Cross landmark nine-storey building at 85 Uxbridge Road.
Global intelligence firm IDC has taken the 9,360 sq ft 5th floor at a rent of £35 per sq ft. It has signed a 10 year lease with 9 months rent free.
Ealing Cross was purchased by the fund in 2014 and only the first floor comprising 17,210 sq ft currently remains available. Tenants include Employee Advisory Resource, US cloud telecoms company Ring Central, Dunnhumby, Redbee Media, Global Medics and Allied Irish Bank
David Cuthbert of Hanover Green said: “Although this is a new headline rent for the town it still shows how Grade A buildings in Ealing offer a discount of £15-£20 psf from other locations such as Hammersmith and Chiswick Park. The arrival of Crossrail in 2018/19 is likely to make Ealing an even more attractive location for tenants seeking to reduce costs from Central London”.
Hanover Green acted for Aviva Investors.