Stonegate Pub Co Agrees New 5 Year Deal At 500 Capability Green
IVG (UK) Limited, advised by Bray Fox Smith, has agreed a new 5 year lease with Stonegate Pub Co, for 12,650 sq ft of offices at 500 Capability Green in Luton. This is a re-gear of Stonegate’s existing lease and comprises the entire 2nd floor of the south wing, at a rental of £234,875, with a 15 months rent free period.
Earlier this year, both DHL and AB InBev UK Limited agreed 10 year leases for 13,127 sq ft and 25,705 sq ft respectively. This leaves 2 wings of 13,500 sq ft at the 75,000 sq ft office building. IVG has been refurbishing 500 Capability Green on a rolling programme.
Paul Smith says” Capability Green is one of the best performing Business Parks in the area, with some of the best communications available. We are confident that we will have 500 CG fully let shortly”
Bray Fox Smith advised IVG, Stonegate were not advised.
