BE GROUP SECURES LARGE LETTING IN Q3 2013

14/10/13

Billing and customer management company MDS and sister company Lavastorm Analytics have signed a new 10-year lease with Royal London for a new 30,000 sq ft head office in Birchwood, Warrington. The Point will be the new home to more than 225 employees following relocation from Cinnamon Park, Fearnhead, Warrington.

Royal London Asset Management recently completed the refurbishment of The Point and beat off strong competition to secure MDS and Lavastorm as tenants on the whole building on a new 10-year term.

Phil Owen, property fund manager at Royal London, said: “The fact we have secured such a major letting, only three months after completing the refurbishment works is a testament to both the quality of the space and competitive terms we were able to offer.”

Dave Thomas, chief financial officer of MDS, said: “The move to larger premises will allow us to better facilitate our employees. Doubling the square footage reflects a significant investment by our business, and demonstrates our long term commitments to staff and customers. The increase in space will support great expansion and future growth.

“Everyone at MDS and Lavastorm is excited about the move and we’re pleased to be staying in the area, which means that our staff are happy their commute to the office hasn’t changed significantly.”

Royal London was advised by BE Group and CBRE.



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