Union Stockley Park has secured a letting of the entire Ground Floor, comprising 19,700 sq ft, to packaging and printing firm Heidelberg Graphic Equipment Limited for its new headquarters and product showcasing facilities.
The 75,000 sq ft HQ building was completed in Spring 2021, having been fully re-positioned by the Tritax Property Income Fund and development partner Marick Real Estate. It offers unbroken office floors up to 24,000 sq ft, a west-facing waterside terrace, nearly 7,000 sq ft of communal atrium and collaboration space, and market-leading environmental credentials. These include an EPC rating of A(18), the highest in the Thames Valley and “Carbon Neutral Capable” status, providing a demonstrable commitment to occupiers’ sustainability agenda.
The 1st and 2nd Floors total 48,000 sq ft approx. and are available to let from c.8,000 sq ft upwards. Quoting rent is £38.50 per sq ft.
Heidelberg is relocating from its current premises after over 40 years, having exchanged on a sale of its former premises in Brentford to Fairview Homes earlier in the year.
Ryan Miles, Managing Director of Heidelberg, comments: “We are delighted to have secured accommodation at Union for our new headquarters. We were impressed with the quality of the refurbishment and the sustainability and ESG credentials. We intend to relocate to the building at the end of the year following the completion of the sale of our building in Brentford. Being at Stockley Park supports our position as a technology leader in our industry and we are pleased to be alongside other such technology leaders. The move has also allowed us to modernise our customer support centre and create a hub for enhanced service delivery to our customers and our field based colleagues.”
Tom Alcock, Assistant Fund Manager at Tritax, comments: “We are delighted Union has secured Heidelberg as a tenant shortly after PC. This news is an endorsement of the Fund’s investment into the asset and the strategy to produce a market leader in its carbon neutral credentials and forward-looking office space. The Heidelberg deal is a landmark letting, not just for our building but for Stockley Park in what continues to be a challenging market. We have every confidence occupiers will continue to choose Union above our competition as sustainability demands for all businesses become ever more important.”
Will Foster, Agency Partner at Knight Frank, sole agents of Union Stockley Park, comments: “Union Stockley Park has been rigorously designed to raise the bar for office accommodation both at Stockley Park and in the wider Thames Valley region. In a very competitive marketplace, Union Stockley Park clearly stood out as best-in-class by landing this important new entrant to Stockley Park, which unequivocally remains Heathrow’s leading office location. We have seen good levels of footfall of late as sentiment improves, and expect to springboard from this early success with further deals shortly.”
Stockley Park is a 1.6m sq ft approx. business campus located just north of Heathrow Airport and the M4 motorway, with Elizabeth Line (Crossrail) stations within easy reach by bus, cycle or on foot at Hayes & Harlington. Amongst the notable global brands on the park are Apple, Hasbro, M&S, Toshiba, Gilead, MSC Shipping, IMG. Canon UK & Europe also recently re-committed their future to Stockley Park with a 150,000 sq ft letting earlier in 2021.
Heidelberg was advised by Hanover Green. Tritax and Marick were advised by Knight Frank.