23rd July 2019
In what is believed to be the largest office deal in Kent in the last 18 months, Covéa Insurance has renewed the lease on its offices in Kings Hill.
The company, which is part of the Paris-based Covéa mutual insurance group, moved into the whole of the 52,000sq ft three storey building on the business park 13 years ago, where it employs more than 400 people.
Covea Insurance offers commercial, motor, high net worth, property, life and protection insurance and in total has more than two million policyholders generating more than £765 million in premiums. It employs around 2,000 staff in its eight UK offices.
“Covéa Insurance is one of the larger employers in Kings Hill and we are delighted it has recommitted to Kent,” said Caroline Binns of Kings Hill developer Liberty Property Trust. “We will be undertaking extensive works to refurbish the building, with them in situ, to ensure that it is energy efficient and fit for purpose for another 15 years.”
James Reader CEO of Covéa Insurance said: “We are delighted to confirm our continued support for our Kent operation. This is a significant commitment that further cements our relationships with the Kings Hill and wider Kent community, supporting our established partnerships with schools, colleges and local charities, and securing a long-term future in the region as a major employer.”
Knight Frank LLP/2020 Associates advised the landlord and Vail Williams LLP advised the tenant
Kings Hill is home to more than 250 businesses, including headquarters and regional offices for some of the UK’s best-known names. Its range of office specifications and sizes make it an attractive location for large and smaller businesses alike.