Kidlington office property market continues momentum with addition of Handelsbanken
PUBLISHED: 10:03 04 May 2016 | UPDATED: 10:03 04 May 2016
Leading commercial property agents, VSL & Partners reports further take-up in the Kidlington office market with a new letting to Handelsbanken as part of their regional expansion.
Handelsbanken brings traditional style relationship banking to Kidlington, focusing on individual cases and customer service rather than driving up market share. The bank, which also has a branch at Seacourt Tower in Botley as well as a branch at Abingdon Business Park, has been in the UK since the 1980s. Handelsbanken Kidlington is one of more than 200 opened in the UK so far.
Acting on behalf of the landlord, VSL has let the ground floor comprising 2,500 sq ft at Latimer House, Langford Locks in Kidlington on a new 10-year lease at a rental of £18 per sq ft equating to £45,000 per annum. VSL acted jointly with Savills and are marketing a further 1,589 sq ft ground floor and 4,672 sq ft first floor accommodation in the same building. Richard Venables says: “Handelsbanken prides itself on delivering outstanding customer service and Latimer House is exactly the right environment to reflect its quality operation.
“Kidlington is continuing to be viewed as a viable commercial alternative to Oxford City Centre and the opening of the new rail line is already proving a big draw with occupiers now listing access to the Chiltern Railways line as essential in their search criteria. We are delighted to have completed three large office deals in Kidlington within the last 12 months and the future outlook for Kidlington remains bright.” VSL & Partners produces market reports providing a valuable insight into commercial property market activity in the Oxfordshire region.