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EPIC's St Philips Point fully let

12 December 2016 07:31

Ediston Property Investment Co has fully let St Philips Point, Birmingham, following a letting to AXA Insurance UK plc.

AXA Insurance UK plc has leased the eighth floor at a rent of £129,600 per annum and now occupies five floors within the property, totalling around 33,000 sq ft. The new lease expires in 2021.

This transaction completes a successful asset management programme for the property, in which all the vacant space has been filled.

In June, AXA Insurance UK plc restructured its then existing leases over the fourth to sixth floors, totalling 22,268 sq ft, and increased its presence in the property by taking a new lease on the previously vacant seventh floor of 5,399 sq ft.

In May, the lower ground floor was let to David's Bridal, which has opened a flagship store of 15,000 sq ft.

Story provided by StockMarketWire.com

Related Company: EPIC

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