Host of tech firms heading to Exchange Tower
South Quay-based Exchange Tower has reported a surge in business and is now 90 per cent let.
Owner of the property MGPA has tempted a number of firms to the office space over recent months with major refurbishment works encouraging the technology, media and telecommunications sector to the development.
Recent business included a five-year lease with software developer Infusion, a seven-year deal with developer Agilysys and a 10-year lease with fine art firm Momart.
Meanwhile, Hutchison Telecom and Wey Technology also agreed to move in.
Andrew Rose, vice-president at MGPA, said: "Exchange Tower is the best value building in E14 and one of the few offering high quality office space within the M25 at rents of £25-35 per sq ft.
"This has made it attractive to multiple occupiers, especially in the technology, media and telecommunications sector, and has significantly raised its value as an asset.
Other tenants include Telecity, Rigel Shipping, Teliasonera and the Financial Ombudsman Service, which took 165,000sq ft on a 15-year lease starting next year.
Coffee specialists Taylor St Baristas has also moved in to run a cafe.
MGPA bought the 482,000 sq ft property from Hammerson in 2010 for £134 million.
The Exchange Tower refurbishment ensured an extensive power supply, back-up generators and improved connectivity.