Staines' Lotus Park development now fully occupied

By Peter Davison

6 September 2023

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The Lotus 1 building at Lotus Park, next to the River Thames at Staines

The prominent Lotus Park riverside office development of 103,000 sq ft in Staines is now fully let.

The final space, a 9,479 sq ft ground floor office suite, was taken by Chubb, a market leader in fire and safety solutions. Lease terms remain confidential.

Property consultancy Vail Williams acted for Legal & General Investment Management, which owns and operates the three-building Thames-side development. De Souza was instructed by Chubb.

Chubb, part of APi Group, a leading provider of fire protection and safety solutions for customers worldwide, employs 12,000+ people and protects more than 1 million sites.

This most recent letting follows a series of successful transactions which has seen Verlingue, one of Europe’s largest independent insurance brokers, take a 4,780 sq ft suite at £38.29 psf, under Legal & Generals fitted flex product, Capsule. This followed another unnamed occupier taking 9,000 sq ft at £34.50 psf.

Vail Williams and BNP Paribas Real Estate act as joint letting agents for the Lotus Park development, which has seen nine transactions successfully completed over the last 18 months post-refurbishment.

Nick Webb, Senior Asset Manager said: “Our strategy with this development was to deliver not only top quality interior spaces, under a range of our office products, but also to create some outstanding exterior amenities which benefit from our situation next to the River Thames.

“As a trusted landlord, it is incumbent upon us to set the best possible service and amenities for our occupiers and at Lotus Park this includes 24-hour concierge, and occupier events including our summer party with live bands, BBQ, games area and boating along the river.”

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Charlie Perkins, Vail Williams Surveyor based in Woking, said: “Lotus Park is an exceptional development comprehensively refurbished to Grade A specification, has superfast broadband and is conveniently located – it is good to see it fully occupied.

“The recently landscaped new waterfront gardens provide a unique riverside amenity overlooking the River Thames and have certainly been a major factor in businesses relocating here as they seek to attract and retain top talent with a superlative working environment."

By Peter Davison

Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.