Innes England - Offices Letting - Nottingham

Date: 13 Aug 2008

Miller Birch has completed another letting on its highly successful ng² business park. The latest deal on The Triangle was completed in double quick time, the new tenants taking possession within two months of agreeing Heads of Terms.

Chaucer Holdings plc has taken a new full repairing and insuring ten-year lease on the 4,000 sq ft Unit 4A of The Triangle, at a rent understood to be around £20 per sq ft. It will trade under the name of Richard Egger Insurance.

Richard Egger from Richard Egger Insurance said: "We are a new name in the insurance world and offer specialist insurance policies for all aspects of motorsport activities, capitalising on my own 38 years of experience competing in motorsports."

"I will head up the business and chose to locate the offices at ng2 because of the quality of staff available locally and the positive business culture."

The Grade A Pavilion office offers onsite parking, independent access, raised floors, solar controlled glazing and comfort cooling in a convenient fringe of City Centre location off Queen's Drive.

Ann Segaram of Innes England said: "The completion of the letting finalises yet another successful deal on this phase on ng². With office 3b in solicitor's hands, only 4b remains on phase 2. In addition, we are delighted that due to Richard Egger's strength of covenant and the excellent lease terms agreed, the sale of this investment is now in solicitor's hands.

Ben Glover of Miller Birch added: "I am pleased to welcome Richard Eggar Insurance to ng². The company joins a growing list of discerning occupiers who demand high quality and highly efficient office space in an attractive environment."

Miller Birch is now planning the fourth phase of the Triangle, a further 27,800 sq ft of Pavilion Offices. With in excess of 70% the existing Triangle occupiers relocating from Nottingham City Centre, local demand remains very strong.

Philip Barnard (Richard Egger Insurance), Richard Egger (Richard Egger Insurance), Ben Glover (Miller Birch), Craig Straw (Innes England).