Ealingcross signs first tenant
The first tenant at the new Ealingcross office space scheme in London has been signed.
Ealingcross is based at 85 Uxbridge Road, Ealing in west London. It is owned by Neptune Land and Standard Life Investments’ Life Property Fund, represented by Montagu Evans and DTZ. It was completed last autumn, promising to bring West End standards of office space to west London.
17,213 sq ft of the new development has been signed for by A2 Dominion, a housing association. They are reported to be leasing the office space at £29 per sq ft on a 10-year lease. A2 Dominion were represented by Jaggard Baker during the transaction.
Ealingcross is a prime town centre development and offers Grade A office space, as well as excellent transport links and access to amenities in the area. It is part of an overall plan to redevelop the Ealing town centre areas with many new commercial and residential schemes.
“Ealingcross is an impressive new development with excellent green credentials that is set to breathe new life into the office market in West London” say DTZ on their website.
It offers floor plates of up to 18,000 sq ft, something which is in high demand in London. It offers an ideal and interesting alternative to the usual locations for office space in the West End, City and Canary Wharf, without a quite so hefty price tag usually found in those areas.