Acting on behalf of Standard Life Investments, national commercial property consultancy Lambert Smith Hampton (LSH) has secured a new tenant for Thames House on Marlow Road in Maidenhead.
inVentiv Health Clinical is an international health services provider to the pharmaceutical and biotechnology industries and a leader in drug development services, with operations in 40 countries around the world. The company has signed a new 10 year lease for 33,500 sq ft at Thames House in Maidenhead. This move consolidates its two existing locations in the area (Grenfell Island in Maidenhead and Glory Park in Wooburn Green) into a single site.
Cliff Jackson, Director and Head of Agency at LSH’s Maidenhead office, commented: “We were able to intervene early in the process to secure a new lease on the whole building for inVentiv, which had upcoming lease events on its existing premises. We were also able to agree early access to part of the offices, with the business due to make the full move to Thames House in September.”
As part of the deal, the existing head lease between Standard Life Investments and the outgoing tenant, PGS Reservoirs, has been successfully surrendered and the two current sub-tenants are also relocating to other nearby locations.
Cliff added, “We are constantly monitoring a large and evolving database of lease events for tenants across the UK, and with that information at our fingertips we are able to address a company’s relocation needs early. In this particular transaction, having such knowledge has enabled us to create the perfect match, whereby one local employer is making way for another.”
Thames House is a modern self-contained office building on the edge of the town centre, offering 33,500 sq ft over the ground and two upper floors. The specification includes a contemporary reception, raised floors, air conditioning, a roof terrace, and on-site parking for 100 cars.
InVentiv was represented by Savills in the transaction.
