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LONDON-As the final unit in the Lansdowne Court office development at the 220-acre Gloucester Business Park is let, developer Arlington Securities has unveiled plans for a further speculative phase at the park.

CMG Logica has taken the 5,210-sf ground floor of 1220 Lansdowne Court on a five-year lease at £16.25 ($26) per sf. Detica has taken the 5,332-sf first floor on a ten-year lease expiring in 2013 at £15 ($24) per sf. And Capula has taken 3,467 sq ft on a five-year lease at £15 ($24) per sf.

Now fully let, Lansdowne Court comprises 60,000 sf in seven office buildings arranged in a courtyard. Existing tenants include Care First, Lithotech International, Legris, MessageLabs, National Care Standards Commission, Star Technology Group and Select Business Solutions.

William Crawford, Development Surveyor for Arlington said: “Our flexible product has been able to satisfy the increase in occupier demand for quality accommodation.” He said the same approach would now be applied to the next speculative office scheme, which will consist of 48,000 sf, available over eight buildings ranging from 3,200 to 10,400 sf. “We will be offering a number of buildings freehold as well as leasehold and we anticipate starting development in November this year with completion in September 2004,” Crawford said.

Strutt & Parker and Alder King acted for Arlington. CMG Logica was represented by Fulcrum and Detica by Atis Real Weatheralls.

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