29th May 2019
ESO Real Estate (‘ESO’), an investment manager focused on European asset-backed special opportunities, announces it has secured another tenant at The Maylands Building in Hemel Hempstead, close to the M1 in Hertfordshire. The Dispute Service, a government approved deposit protection service for landlords, agents and tenants, has acquired 8,400 sq ft on the first floor on a ten-year lease and will take occupation in June 2019.
This follows a string of recent lettings at the building earlier in the year; Spaces acquired the whole ground floor and Annodata acquired part of the first floor.
Under ESO’s ownership, The Maylands Building has been comprehensively refurbished throughout and includes an expansive reception of 11,800 sq ft of highly serviced amenity rich space including a premium café operator, Gather & Gather, which opened this month. The building offers an onsite concierge service and an unrivalled car parking ratio of 1:189 sq ft. Each floor has been designed with a strong emphasis on community and collaboration, with flexible floor plates to meet the needs of any occupier. Single suites of 7,300 sq ft are available in addition to whole floors of up to 27,000 sq ft.
CBRE, Lambert Smith Hampton and Doherty Baines advised ESO Real Estate.
Zena Namih, Director at ESO Real Estate, commented: “We are delighted to welcome another tenant to The Maylands Building, which is proving very attractive for businesses north of the M25. Our recent complete refurbishment of the building is reflective of modern occupiers’ demands for flexible office space, high quality amenities, collaborative break-out areas and high parking ratios.”
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Notes to Editors
About ESO Real Estate:
ESO Real Estate is an investment manager focused on asset-backed opportunities throughout Europe. It supports strong management teams that have specialist assets with both debt and equity capital.
The ESO Real Estate team incorporates extensive investment capabilities that leverage ESO Capital’s experienced finance, asset management and business development teams.