27 Sep 2018

CLS lets entire One Elmfield Park, Bromley

CLS has completed the letting of the entire building at One Elmfield Park, Bromley, comprising 24,700 sq ft (2,295 sqm), on a 10-year lease to a subsidiary of IWG plc, operating under the business brand of Regus, a leading provider of serviced office space.

The property, acquired by CLS in 2015, has recently been substantially refurbished at a cost of £2.5m, to create upgraded office space to a SKA Gold rating and 15 parking spaces.

As part of the refurbishment programme, CLS also installed a photovoltaic array on the roof from which the tenant will benefit through electricity cost savings, and the landlord through the Feed-in Tariff scheme, designed to promote renewable and low-carbon electricity generation.

To further optimise the space, the tenant will undertake additional works at its own cost to create a modern and dynamic serviced office environment.

Fredrik Widlund, chief executive officer of CLS, said: “This is the largest single letting in Bromley in the last five years and we are delighted to be working with Regus, a well-respected serviced office provider. It demonstrates the continued strong demand for high-quality, well-located office space in the Greater London area.

“Following on from our recent lettings at Adlershofer Tor in Berlin and the entirety of Ateliers Victoires in Paris, CLS has closed over 58,800 sq ft (5,465 sqm) of lettings in quick succession and this again demonstrates the benefit of having a pan-European business in the UK, Germany and France.”

Knight Frank and Michael Rogers acted as agents for CLS; CBRE acted for IWG.

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