Hanover Green advised Aviva on the recent lettings to Regus where they signed 10-year leases on just under 21,000 sq ft on the third and seventh floors, paying a new record rent for the building at £30.50 sq ft.
Meanwhile existing tenant, Easyfairs, also expanded its footprint, taking a further 5,000 sq ft, at a rent of £30sq ft. It now occupies 15,000 sq ft across the whole of the second floor.
The 10-storey Regal House extends to 130,000 sq ft has been recently refurbished and is now 95% let with just 8,000 sq ft across one floor left available.
Tenants include Premier Rugby, St Mary’s University, Treasury Wines and 3C Payment.
Lucy Bannerman, asset manager at Aviva Investors, said: “This letting to Regus further diversifies the tenant mix at Regal House whilst introducing a flexible, serviced office provision from one of the leading players in the market, which we believe will further enhance the building. Having recently undergone a major refurbishment, the high quality of space coupled with the building’s prominent location has led to strong occupier demand with the remaining space currently being marketed.”
Simon Chambers, head of UK asset management at IWG, added: “I was delighted to work with Aviva Investors on this strategically important new long-term commitment at Regal House. This doubles the size of our successful Regus centre in this very well located landmark building in the heart of Twickenham. We have already commenced a comprehensive refurbishment of the third floor and a new fit out to the seventh floor so we can soon welcome new clients to Regus Twickenham as demand continues to grow.”