London,
04
February
2020
|
15:21
Europe/London

CBRE secures fintech firm Xero at 100 Avebury Boulevard: Largest letting in Milton Keynes for five years

Global real estate advisor, CBRE, has secured fintech firm Xero as lead tenant at 100 Avebury Boulevard in Milton Keynes, the only speculative development in the town for a decade. Acting on behalf of the Landlord, AW James, CBRE has leased 56,000 sq ft of office space across the fourth, part fifth and sixth floors on a 10 year lease – the largest letting in Central Milton Keynes for five years.

100 Avebury Boulevard is now fully let within one month of reaching Practical completion, with UK Law firm Shoosmiths, Aimi and flexible office operator IWG Spaces secured on the remainder of the space. The development comprises a total of 140,000 square feet of office space and ground floor retail space. Along with the modern design, flexible floorspace and 3 large roof terraces, the building is within 5 minutes’ walk from the station and has a parking ratio of 1:545 sq ft. 100 Avebury Boulevard will represent the UK headquarters of Xero.

CBRE and Avison Young acted for AW James.

Vesta London acted on behalf of Xero.

 

“AW James had the vision, market insight and confidence to undertake the only speculative office building in Milton Keynes for a decade, for which they have most certainly been rewarded. To fully let the entire 140,000 sq ft within 1 month of practical completion is an exceptional outcome, it clearly proves the level of pent up occupier demand in the town for the best space. Milton Keynes as an office destination is going from strength to strength and is one of fastest growing towns in the UK with excellent connectivity and continually improving infrastructure”
Matt Willcock, Head of South East Investor Leasing at CBRE