Vitae Expand At 34 Clarendon Road
Threadneedle, advised by Bray Fox Smith, has brokered a deal with Vitae Financial Recruitment Ltd for 2,385 sq ft of offices at G2, 34 Clarendon Road in Watford, at a rental of £22.50 per sq ft. Vitae expanded from suite G1 to take G2, which was let to Michael Page recruitment. BFS secured a simultaneous surrender of the Michael Page lease with the new lease for Vitae
34 Clarendon Road, is a four-storey office building which was extensively refurbished in 2001. Vitae has signed a 5 year lease, with 18 months rent free, at an annual rental of £53,662.50.
Paul Smith of Bray Fox Smith comments, “This is a good quality headquarters building in a prime position in Watford. The deal included agreeing the simultaneous surrender of an existing lease to Michael Page with a new lease for Vitae, which set a new record rent for this current cycle”
Three suites are still available at 34 Clarendon Road on the third and ground floors, comprising 957 sq ft, 1,900 sq ft and 2,852 sq ft.
