Mantle Estates, advised by Carter Jonas and Savills, has secured three new tenants, comprising a total of 12,000 sq ft at The Lambourn building on Abingdon Business Park.
Retail fit-out specialist umdasch The Store Makers has agreed a 10-year lease on the ground-floor east wing with approximately 6,600 sq. ft. of space. Leading education provider Navitas UK Holdings Limited has agreed to lease around 3,400 sq. ft. on the first-floor east wing on a five-year lease. Completing the line-up, electric vehicle charge point manufacturer Compleo Charging Solutions has agreed a five-year lease also on part of the first-floor east wing extending to approximately 2,000 sq. ft. of space.
Hertfordshire-based commercial property investor and developer Mantle Estates acquired The Lambourn Building in 2019. The property, which has limited space remaining, has been comprehensively refurbished, creating a high specification multi-occupier office space for tenants looking to benefit from being part of a thriving community in a prominent location.
Adrian Chan, Senior Surveyor, Carter Jonas said: “The large volume of commercial activity in Oxfordshire continues to impact the real estate market, with developers and landlords struggling to meet the demand for high-quality offices.
“The refurbishment of The Lambourn has created a modern, flexible, premium business space and is a welcome addition to the market. As demonstrated by these three successes, its versatile, adaptable design is capable of meeting large requirements as well as requests for smaller suites, with the space appealing to a large pool of occupiers keen to base themselves in Oxfordshire’s economic and knowledge corridor. Potential occupiers are recommended to get in touch, as there has been considerable interest for the few remaining suites which we expect to convert over the summer months.”
Guy Baker, Mantle CEO, commented: “We are delighted with progress at The Lambourn. We acquired a tired, 50,000 sq. ft. former headquarters and our team have successfully transformed it. We have refurbished all of the office space and all of the common parts, entrance and externals. We have introduced our “Mantle Space” serviced office brand at first floor to provide a range of flexible small suites, and we are making excellent progress with letting all remaining suites to more traditional occupiers. In the process we have improved the building’s EPC rating from E to B, and we have obtained planning consent for labs. So The Lambourn offers modern, flexible accommodation for a wide range of occupier requirements in a vibrant centre in the heart of Oxford’s economic and knowledge corridor.”
The Lambourn is located at a prominent corner position on the Abingdon Business Park, a 50-acre mixed-use scheme in the heart of Oxfordshire. Nearby occupiers include Gigaclear, Smeg, PsiOxus Therapeutics, Berkshire and Bucks FA and Thames Valley Police.
The Lambourn is fully air-conditioned and benefits from new, highly efficient boilers. Substantial investment in electrical infrastructure throughout the building includes new motion sensor LED lighting. New amenities include a staffed reception area within an attractive triple-height atrium, co-working and break-out space, shower facilities, bike storage and parking for 197 cars.
The Lambourn is being marketed through joint agents Carter Jonas and Savills. Gerald Eve represented Navitas. Umdasch The Store Makers and Compleo Charging Solutions were unrepresented.