CBRE ADVISES AVIVA ON SIGNIFICANT OFFICE PRE-LET IN WIMBLEDON
Global real estate advisor CBRE has advised Aviva Investors and Kingston Estates on the completion of the pre-let of Pinnacle House, Wimbledon in what is the largest pre-let office transaction in the town since 2013. The letting sets a new record rent for Wimbledon at £54.00 per sq ft.
The 26,000 sq ft office building was purchased in December 2014 by Aviva Investors and Kingston Estates and planning consent was subsequently gained for a comprehensive refurbishment and extension to create a new, Grade A office building of 45,000 sq ft arranged over ground and 7 upper floors.
A pre-let was secured with Kindred who had previously been located in Wimbledon Bridge House. Pinnacle House satisfies their future growth ambitions while also delivering a new UK Headquarters building for their business.
Wimbledon has had a very tight supply of Grade A space over recent years and Pinnacle House presented a great opportunity to capitalise on the market dynamics. The completion of this pre-let has delivered the largest deal in Wimbledon for a number of years and we are delighted to have enabled Kindred to remain in the town having delivered their new UK HQ.
CBRE Ltd acted for Aviva Investors and Kingston Estates, Bond Woodhouse acted for Kindred.