LaSalle completes Portsmouth deals

LaSalle Investment Management has completed eight lease renewals at Enterprise House, Portsmouth. Serco has signed new five year leases on more than 30,000 sq ft of office space at a total rent of nearly £320,000.

The FTSE 100 support services company, though a subsidiary business, The Listening Company, has pre-emption rights to lease any new space which becomes vacant in the building. Enterprise House, which totals about 52,350 sq ft, comprises a 10-storey building, together with a three-storey annex. It is centrally located next to Portsmouth & Southsea rail station.  LaSalle, on behalf of the landlord, has just started refurbishing the common parts and reception.

Andrew Miller at LaSalle Investment Management said: “We are delighted to have secured new leases on nearly 60 percent of the building with a top FTSE 100 company. These renewals, together with the refurbishment works, will considerably improve our client’s investment.” Lambert Smith Hampton advised LaSalle.