Watling ties up deals with two occupiers at The Point
Two floors at Watling Real Estate’s refurbished offices in Warwick have been snapped up on ten-year leases, totalling almost 50,000 sq ft.
Calor Gas has taken the whole of the second floor, some 28,000 sq ft, and Workforce One UK will occupy 21,500 sq ft on the first floor.
The Point, located on the edge of Warwick near the A46, is owned by Jersey-based HEREF Warwick, forming part of the wider Augusta Fund managed by Watling.
Directors Alan Ryall and Chris Davies of Watling Real Estate instructed joint letting agents Mark Robinson and Charlotte Fullard at Avison Young and Michelle Mills at CBRE.
Chris Davies, director of Watling Real Estate, said: “The Point has undergone a comprehensive refurbishment providing the building with a modern, high specification finish with extensive amenity space.
“After a fairly intense period of onsite asset management, The Point has become one of the most successful out-of-town office buildings in terms of letting performance regionally – certainly in the Midlands – further supported by continued occupier demand.”
Michelle Mills, director at CBRE, led on the Calor deal with Calor advised by LSH. Mark Robinson, director at Avison Young, headed the Workforce One UK deal.
Stephen Baker at law firm Womble Bond Dickinson acted for Watling Real Estate, with Jonathan Wright at Knights plc advising Calor Gas Ltd, and Douglas Armstrong at BPE Solicitors LLP instructed by Workforce One UK.
