Clearbell lets Voyager Place in one of the largest 2017 Thames Valley office letting

8th January 2018

Clearbell Capital, the private equity real estate fund manager, has today announced on behalf of a fund it manages, that 56,750 sq ft has been let to FM Insurance Company Ltd at Voyager Place in Maidenhead.

The commercial property insurance firm has signed a new 10-year lease for office accommodation totalling 56,750 sq ft (5,272 sq m) and will occupy the building in its entirety.

The tenant will pay an annual rent of £1.74 million, equating to £32 per sq ft (£344 per sq m).

The letting follows the £7 million refurbishment of Voyager Place undertaken by Clearbell after the fund manager purchased the building in December 2015.

Duncan Jarvis, Director at Clearbell, said: “This deal is one of the largest single lettings in the South East in 2017. Located at the edge of town centre, in a key Thames Valley business location, the building provides excellent car parking provision and strong branding potential. The letting to FM Insurance Company, within 5 months of completing the refurbishment, vindicates the decision to take an early surrender and commit to a full Grade A refurbishment

Voyager Place was acquired as part of the Chalk portfolio, a portfolio of seven office assets in the South East.

Clearbell was advised by Savills and Lambert Smith Hampton.

Colliers International advised FMIC Ltd.

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