01480 213811

GTL MOVE CAPS HECTIC PERIOD FOR OFFICE TRANSACTIONS IN HUNTINGDON

GTL Europe Ltd, the European arm of the Indian telecom giant has taken a lease of a modern detached office building at Lakeview Court, Ermine Business Park, Huntingdon reports St Neots based property consultant Barford + Co.

Unit 1 Lakeview Court comprises a detached office of 7,067 sq ft. The move has allowed GTL to consolidate its Huntingdon operation into one property – the company formerly occupied two buildings at Ermine Business Park. The company has entered into a new ten year lease. Barfords have confirmed that the asking rent for the property was £85,000 pa and the deal agreed reflects a rent close to this figure. 

Commenting on behalf of Barford + Co, Director Phil Halmshaw said “The demand for larger scale offices throughout the Cambridgeshire area is limited at the present time so it is particularly pleasing to have concluded this letting on behalf of our clients, a private pension fund”. 

On behalf of GTL, Heather Anderson commented “We were pleased when Barfords brought to our attention the availability of the offices at Lakeview Court, as this ideally suited our purposes. We were able to exercise an option to break on one of our existing buildings which led to us then being able to bring together our two offices into one at Lakeview Court”. 

The occupation of Lakeview Court by GTL is one of the series of sales and lettings which Barfords have concluded over the last few weeks. “It has been a very hectic period for the office market recently” commented Phil Halmshaw. Most activity has been at the lower end of the size range and the deals done have been typically up to 2,500 sq ft in size. This sector remains extremely buoyant. Transactions concluded by Barfords include:- 

  • Huntingdon – 2A Chequers Court– first floor office suite let to Haines Watts accountants.
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  • Huntingdon – 70B High Street – period office building in town centre position sold.
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  • Huntingdon – 2 Avro Court– sale of office building at Ermine Business Park to Woodsidely IT.
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  • Huntingdon – 1 Avro Court– letting of first floor office suite to Bluebird Healthcare.
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  • Huntingdon – 3 Archers Court– letting of former office premises for use as kitchen showroom.
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For further information on offices please contact Phil Halmshaw of Barford + Co on (01480) 213811.

  

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