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Knights PLC deal sets record office rent in York with Hudson Quarter pre-let

Richard Dunn / 10 Feb, 20

Knights PLC has signed a pre-let deal at Palace Capital’s Hudson Quarter development in York. The solicitors firm has taken 4,588 sq ft of offices in the Victoria building on a ten-year lease and at a rent of £25.00 psf (after an initial two year period at £12.50 psf) setting a new record for the city’s office rents.

 

Hudson Quarter is a mixed-use development located opposite York train station. The four separate buildings will comprise 127 luxury apartments and a total of circa 40,000 sq ft of Grade A office space, which is being marketed jointly by office agents at Sanderson Weatherall and JLL.

“I’m pleased to have secured this deal on behalf of Palace Capital and set a new benchmark, office rent in York.

Hudson Quarter is the first Grade A speculative office development of its size in York for over 10 years, and it’s fantastic to have a milestone pre-let for such a landmark development. ”

Richard Dunn - Head of Agency at SW

Richard continued, “We are now targeting a single occupier for the adjacent HQ Offices building of 35,000 sq ft and are in discussions with potential occupiers.

“Knights is a progressive and ambitious firm and a first-class occupier for Hudson Quarter. I’m looking forward to seeing who will become their neighbours and watch the development come to life as we move towards completion early in 2021.”

For more information on Hudson Quarter contact Richard.

 

Topics: News

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