An American software business has led a property uptake surge in Hertfordshire.
American firm moves into Herts
Lambert Smith Hampton reports particularly buoyant re-location activity in Watford.
LSH's Hertfordshire office has acquired refurbished offices in Watford on behalf of Pathlore Software Limited. The first floor comprises 2,633 sq ft of refurbished offices with on-site car parking for five vehicles. A rental of 50,000 per annum was agreed, together with an initial two month rent free period.
US based Pathlore Software is a world leader in powering integrated online learning, and works with companies in the hi-tech, telecoms and manufacturing industries as well as with federal and state government agencies.
Acting on behalf of Finflower Limited, Lambert Smith Hampton has also sold company warehouse and office accommodation in Watford to safe manufacturer Thomas Fox & Company.
Thomas Fox and Company, founded in 1780, is a firm of safe manufacturers and time-lock fitters which provides a range of services to business, industry and government establishments throughout Britain and beyond.
LSH sold the freehold on the 24,742 sq ft facility for a figure of 1.6m.
An industrial facility in Watford has been let by LSH on behalf of Coal Pension Properties Limited. Local occupier Rainbow Plastics UK Limited, has acquired the accommodation on a new lease to expire in June 2002 at a rental of 35,000 per annum. Rainbow Plastics is relocating from another site in Watford in order to meet its expanding business requirements.
Rounding off what has been a busy period for Lambert Smith Hampton for business property in Watford, it has just disposed of a 2,000 sq ft office property on behalf of Carter Investments Limited.
Silicon Infusion Limited has acquired the suite on a renewable yearly lease at an inclusive rental of 35,000 per annum.
Silicon Infusion is a semi-conductor technology start-up company whose aim is to design, develop and supply integrated solutions to power fast evoloving voice and data networks.