X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Wates Group Services, one of the UK’s largest privately owned construction and development companies, has become the first tenant in Parkland Square, the new speculative development on the Capability Green business park near Luton, Bedfordshire.

Wates has taken 7,796 sf of office suites on the first floor of Mulberry House on a new 10-year lease, subject to a mutual option to break at the end of the fifth year, at £19 ($31) per sf.

The 38,734-sf Parkland Square scheme, developed by Real Land, Earlplace and Kilmartin Property Group and funded by Ansbacher, comprises two buildings: the 23,152-sf Cedar House and the 15,582-sf Mulberry House. The remaining office space is available to let in suites from 3,500 to 10,000 sf at a quoting rent of £19.50 per sf. FPDSavills and Lambert Smith Hampton are letting agents.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.