Double Letting Agreed At Hounds Gate

13th May 2011

Two lettings have been secured in as many months at the Hounds Gate office development in Nottingham city centre. Almost 8,000 sq ft was snapped up in deals brokered by property agents DTZ and FHP.

The contracts were signed on behalf of landlord, Catalyst Capital LP.

Severn Trent has agreed terms on 5,635 sq ft of office space on the second floor of the scheme. The water company has taken a ten-year lease on the site, represented by Lambert Smith Hampton.

A further 2,041 sq ft of space on the fifth floor has been let to recruitment consultancy, Badenoch & Clark on a five year lease.

James Hartley, surveyor at FHP, said: "This is a great way to start the year with these two deals completing in such quick succession. The two suites were already refurbished to the same high standard as the remaining suites will be, so we are very confident that once the refurbishment works have been finalised we will see a great deal of interest.

"The lettings are testament not only to the quality of the office space on offer but also to the landlord’s flexible and tenant friendly approach which is a real aid in what is a very competitive city centre office market."

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