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Aberdeen Standard secures record letting for Park Royal refurbishment

Aberdeen Standard Investments, advised by Montagu Evans and BNP Paribas, has let Unit 1 Nucleus on Central Way in Park Royal to Ealing, Hammersmith and West London College.

The education provider has taken the 39,112 sq ft (3,634 sq m) warehouse unit on a 10-year lease at a rent of £15.72 per sq ft of Gross Internal Area for its Construction and Skills Campus.

Simon Banks, Senior Portfolio Manager;

"Following the comprehensive refurbishment earlier this year we are pleased to have secured another high-quality occupier at Nucleus, following a minimal letting void. The College will provide significant investment into future skills and training to the Park Royal area and compliments Nucleus' existing occupier base excellently."

Gerry Young, Partner at Montagu Evans, said:

"This is Park Royal's largest letting so far this year, with very high rental levels reflecting the area's extremely constrained supply. Aberdeen Standard refurbished the unit to an exceptional standard further demonstrating their enthusiasm for the Park Royal market and ensuring they maximise their returns."

West London College was advised by Knight Frank. Aberdeen Standard were advised by BNP Paribas and Montagu Evans. 

 
 

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