FI Real Estate Management (FIREM) has announced the largest letting in Gloucester so far this year.
Fasthosts Internet, a leading web hosting provider and subsidiary of United Internet, has taken circa 9,000 sq ft on a new five year lease on part of the first floor of the 100,000 sq ft Southgate House and now joins a number of leading national and international tenants including Thistle Insurance, QAA and Pro Insurance.
The deal coincides with the completion of a £500,000 refurbishment of the reception area at the iconic building which provides a new ‘meet and greet’ area, meeting rooms and break out areas for visitors and staff.
James Raspin, Senior Asset Manager for FIREM, added: “We have committed significant funds to enhance Southgate House’s appeal to tenants like Fasthosts Internet. This letting confirms our confidence in that investment and in the Gloucester office market. We believe it will be the catalyst to achieve take up of the remaining 17,000 sq ft we have available through our office agents Bruton Knowles.”
Press enquiries to: Helen Thomas, MTPR on 07968 039612.
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