Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.”

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


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.