April 29, 2015
Charles Street Buildings Group hit the headlines earlier this month for striking a pre-sale deal with Opus Land for a
52,000 sq ft Waitrose store in Worcester. The £20m pre-funding and purchase will see a new store open in spring next
year. Prelet to Waitrose at a rent of more than £940,000pa, a 20-year lease has been agreed.
Last October, the group netted the largest city centre office deal in Nottingham for four years: Pharmaceutical giant
Parexel International came back into the city centre to consolidate its operating into CSBG’s entire 62,000 sq ft building
at 2 Castle wharf on Maid Marion Way. A comprehensive refurbishment of the building ensued and practical completion
was reached last week (see also Offices, p62). Parelex agreed a 15-year lease with a 10-year break at a rent of £930,000
pa (£15 per sq ft).
In Leicester, the group negotiated a re-gear of HSBC’s lease at its 61,000 sq ft De Montfort Street operation for £866,400
pa, securing the bank’s future in the city for another five to 10 years.
Author: Estates Gazette