Published: 08:20, 29 May 2018
| Updated: 08:21, 29 May 2018
The developer behind Kings Hill says the site is bucking the trend for commercial property after signing deals for more than 62,000 sq ft of office space so far this year.
According to commercial property consultant Knight Frank, occupier take up in the M25 market was 16% below the 10-year quarterly average in the first quarter of 2018, but, said Caroline Binns of Kings Hill developer Liberty Property Trust, Kings Hill has already achieved its average 12 month take up in the first three months of the year.
She explained: "We are attracting companies new to Kings Hill from varying sectors, including Bovis Homes, Shawbrook Bank and Focus Group and Kings Hill’s existing tenants are growing. We have companies moving to larger premises at Kings Hill and one taking a second office on the park in order to expand.
“One of the great advantages of Kings Hill is the mix of offices we provide, which means companies can move around on the park as they expand without the upheaval of moving to another area or risking the loss of valuable staff. We also have a large residential population which provides a talent pool right on the doorstep."
More by this authorChris Britcher
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