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Southampton’s Imperial House Now Fully Let

by admin
13 April 2021
Southampton’s Imperial House Now Fully Let

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Craigard has secured a letting of the ground, part first and second floors at Imperial House to Cambridge Education Group (CEG) for a term of five years, with third year break at an annual rent of £181,830.00 (£19.00 psf).
CEG has taken the premises, equating to a total of 8,794 sq ft across the three floors, as a training centre delivering the highest quality academic, creative and English Language programmes, preparing thousands of students to progress onto the world’s leading universities. CEG chose Imperial House as their building of choice having secured a new contract from Southampton University to deliver off-site education.
David Foster comments, “Craigard was incredibly pleased to have secured CEG in the building and believe it to be a good fit for its needs. Having spent quite a lot of money refurbishing the space and installing new M&E throughout, we were delighted to see the space taken up in a short period of time, especially given the recent pandemic.
The property is now fully let with a total rent roll of £261,267.50 pa. To have the building fully refurbished and fully let since purchase and through a pandemic, shows the benefit in bringing a good quality asset to the market.”

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