Siemens has leased around 30,000 sq ft of offices at Francis House, 112 Hills Road in Cambridge, in what is one of the largest office lettings in the city centre for 2013.The letting has set a new rent benchmark for refurbished prime office space of £31.50 per sq ft pa.
Francis House in the city centre was previously occupied by leading law firm Mills & Reeve, who moved to the brand new office development virtually adjacent at Botanic House.
Following the firm’s relocation Francis House was comprehensively refurbished by the landlord Pace Investments and following negotiations led by their sole letting agent Bidwells has now secured a new lease for 10 years with Siemens. Siemens were represented by Colliers.
Following the recent letting just one suite of 4,400 sq ft now remains available to let on the ground floor, which is on the market through Bidwells. The suite enjoys excellent natural light and provides an efficient open plan floor plate, and benefits from a contemporary new entrance and reception area.
Bidwells partner Christopher Reeve said: “The speed of this letting and terms achieved demonstrates the strength of demand for high quality offices within easy walking distance of Cambridge railway station. The 4,400 sq ft remaining suite on the ground offers companies a good profile onto Hills Road and would particularly suit a company looking for a high quality office suite easy for both staff and visiting clients to access.
“Generous on site car parking is provided in a dedicated car park behind the building, which is a valuable asset for such a central Cambridge location. We are actively seeking occupiers who value this rare opportunity to acquire a suite of this size in what is now well established as the prime office location for Cambridge city centre.”