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LONDON-UK pension scheme, Universities Superannuation Scheme has agreed terms with Adobe Systems Europe on a 12-year lease for the whole of the first floor at 3 Roundwood Avenue at the West London business park, Stockley Park. The £27.70 ($46) per sf deal gives Adobe a 21,558-sf space and is the largest letting at Stockley Park this year. This equates to just short of $1 million per year following an initial rent-free period.

The transaction also involves Adobe handing back to USS two separate suites at Waterview House, 1 Roundwood Avenue, measuring 7,704 sf and 4,262 sf respectively. Both suites will be refurbished prior to re-letting. Meanwhile USS, the single largest office owner at Stockley Park, continues to look for tenants to fill the ground floor of 3 Roundwood Park and the whole of 2 Longwalk with a combined space of 70,126 sf.

Mike Higgins, UK managing director of Adobe Systems said: “With its proximity to Heathrow, on site amenities and working environment, Stockley Park continues to set the standards for business parks both in the UK and Europe – as such we are delighted to commit our long term future to the park.”

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