ARA Europe secures housebuilder for Surrey letting

ARA Europe has prelet 15,500 sq ft of offices at Bourne Business Park in Addlestone to Crest Nicholson, the FTSE 250 housebuilder, React News can reveal.

Crest Nicholson, which will occupy the first and second floors at Building 500, joins the likes of Astellas Pharma, Page Group, Cochlear, Crestron and Orica as tenants in the 185,000 sq ft office park. Crest Nicholson is moving from its long-term offices in Chertsey.

Sequel Consulting, on behalf of ARA, is currently conducting a Cat A refurbishment of Building 500, which will be followed with a Cat B fitout for Crest Nicholson. The upgrading programme will conclude with a Cat A+ speculative fitout of three suites on the remaining ground floor in Building 500 that will provide close to 9,000 sq ft of new office space.

ARA Europe is also pushing on with the back to frame refurbishment of B100, which will offer grade A offices of up to 24,000 sq ft in Q2/Q3 2023.

CBRE and Hollis Hockley advised ARA Europe. Vail Williams represented Crest Nicholson.