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LONDON- GTECH Corporation, the American IT specialist and joint owner of the UK National Lottery franchise, has taken new office space in Watford, Hertfordshire to allow it to move out of Camelot’s headquarters in the town. It has acquired the 15,500-sf Link House in Radlett Road from Threadneedle Property Investments on a ten-year lease at a rent of £21.00 ($30) per sf.

Link House has recently been substantially refurbished by Threadneedle. The Camelot/GTECH consortium was last year a new seven-year contract by the Lottery Regulator in to operate the UK national lottery. GTECH manufactures the lottery ticket machines and provides the IT infrastructure across the UK. GTECH is also responsible for 80 national and state lotteries around the world, of which the UK Lottery is the company’s third largest.

Rogers Chapman acted for GTECH; Stimpsons and Jones Lang LaSalle represented Threadneedle.

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