November 30, 2015
CEG, advised by Hanover Green and Bray Fox Smith, has completed two lettings comprising 13,765 sq ft at Maritime House in Barking, Essex.
Archant Community Media has taken 8,500 sq ft on a new 15- year lease at £14 per sq ft. Archant is the fifth largest regional newspaper publisher in the UK, with a portfolio of more than 50 news brands and 1,600 employees.
North East London NHS Foundation has also taken a 15-year lease on 5,265 sq ft at £16.50 per sq ft.
David Cuthbert of Hanover Green commented: “Barking is only 15 minutes from the City of London by train and rents are competitive in comparison with other locations as well connected. There is a further 35,000sqft of office accommodation available at Maritime House and the building has been refurbished to an exceptionally high standard.”
CEG’s Rachel FitzGerald added: “Barking is in the midst of an exciting period of regeneration. Redrow delivered Barking Central, a multi award winning mixed use quarter, in 2010 and more recently, Bouygues has partnered with Grainger, London Borough of Barking and Dagenham and Asda on their London Road scheme bringing much needed affordable rented housing, supermarket and Technical Skills College into the town centre.
“The community has embraced the new facilities and the enthusiasm of Council Leader, Cllr Darren Rodwell, for further development, is infectious. New residents and businesses are being drawn to the transformed town and this is reflected in the take up of office space at Maritime House.”
Maritime House is located on Linton Road in Barking, just a short walk from Barking train station and only a mile from the A13, with easy access to the M25. Office suites are available between 2,090 and 34,221 sq ft.
Savills acted for Archant Community Media and North East London NHS Foundation was unrepresented.