Maidenhead’s first speculative office development in three years completes

Berwick Hill Properties has completed Lantern, the first speculative office development to complete in Maidenhead in almost three years.

This new office development provides 6,000 to 19,200 sq ft of Grade A office space across three floors, constructed with flexible floor plates to maximise space and light within the building. Fitted space is available, along with cycle storage, changing facilities and on-site parking with electric car charging points. The building is fully wifi-enabled with superfast fibre available on all floors within a week.

Located in central Maidenhead, on the corner of Marlow Road and Sun Lane, Lantern is an eight-minute walk from the train station, set to benefit from Crossrail upon completion.

Development activity in the South East fell to 840,000 sq ft of speculative space delivered to market in 2018, down from 2.4 million sq ft in the previous year – this has resulted in continued low vacancy rates.

Knight Frank, Savills and LSH have been appointed as joint letting agents.

William Buttery, Associate at Knight Frank, commented: “As the first speculative office development to be delivered in Maidenhead in over three years, Lantern provides the Thames Valley with much-needed office space. Built to the highest office specification and with first-class amenities, it will appeal to a range of occupiers keen to attract and retain employees in a prominent Thames Valley location.

“Occupational costs will be kept low with a sustainable design resulting in an EPC A and BREEAM Very Good standards. This ensures that the building is future-proofed, whilst current and future demands of local and international occupiers are satisfied.”

Jeremy Richardson, Director at Berwick Hill Properties, commented: “This is the second speculative development we have delivered in Maidenhead, having built the neighbouring Hanson House that was let to Hanson Group. This shows our longstanding commitment to Maidenhead and our belief that occupiers will continue to be attracted to its wealth of amenities, green spaces and excellent talent pool. There is already considerable interest from a range of occupiers and this aligns with our commitment to providing best-in-class space.”