Office market boosted by pharmaceutical deal
July 13, 2011
The south east office market could witness its largest occupational deal this year if pharmaceuticals company Astellas Pharma moves its headquarters to a Chertsey office park.
The company is believed to be in negotiations to purchase the former EA Games European Hillswood headquarters for a approximately £17m.
It is looking to relocate from its existing 50,000 sq ft offices in Staines.
Paul Smith of Bray Fox Smith believes that the deal highlights ‘the strong demand from pharmaceutical companies, as well as the telecomms, media and technology sector, and their desire to be close to Heathrow while also taking advantage of weaknesses in the property market’.
