Excellent year for Kings Hill
Kings Hill is celebrating one of its best years ever, having completed property deals on 156,000 sq ft of office space in the first six months of 2008.
Major deals include 13,772sq ft for AB World Foods which owns Pataks and Blue Dragon; an additional 6,874 sq ft of space for a well known information company, bringing its total occupied on the park to 20,533 sq ft; 7,956 sq ft for retail construction company RG Group and a 14,412 sq ft data storage centre for a leading business service company.
In addition, a manufacturer of luxury goods is building a 75,000 sq ft headquarters building on a 5.99 acre site on the park and further deals include 28,000 sq ft for global flexible workplace solution provider Regus, a new building of 15,000 sq ft for Vertex Law and 5,259 sq ft for software company Infor Global Solutions.
“This has been an incredible year for us so far, despite the economic climate,” said Andrew Blevins, managing director of Kings Hill developer Liberty Property Trust UK Ltd. “In fact, it is our second best year ever, second only to 2006 when we completed on 180,000 sq ft. And we are not at the end of the year yet. With only 20,000 sq ft of available space remaining, we are planning our next phase of speculative development and hope to start on site early 2009.
“Overall running costs in this sector of the M25 market are competitive and with the availability of employees on the doorstep at Kings Hill and environs, we are finding that companies are increasingly looking to this region.
“At Kings Hill we offer a range of product, from build-to-suit options to small suites from 1,500 sq ft and this flexibility, combined with the quality park land environment, is an added attraction.”
Kings Hill is a thriving community with around 4,000 people living in the residential village, 15% of all households have at least one person employed by a business on site. Around 100 companies are based at Kings Hill, ranging from international and national corporates to SMEs.
There is a good range of shops, restaurants, a pub and coffee shop in Liberty Square, together with the usual 'High Street' amenities, such as a dry cleaners, post ‘n packing warehouse, florist, hairdressers, chemist, luxury clothes and gift shop, card shop, opticians, dentist, vet, estate
agents and recruitment agency which serve both the business and residential communities at Kings Hill.
A 90,000 sq ft David Lloyd Leisure racquets, health and fitness club opened in 2006 and there is also an 18-hole PGA golf course, a day nursery and University of Greenwich conference centre.