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Office Development pre-let within Chertsey mixed-use scheme


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23 May 2002

This development underlines the continued success of our programme of limited risk commercial projects, while the Chertsey Opportunity project as a whole illustrates our strengths in major mixed-use urban regeneration schemes

Graham Cherry, Chief Executive, Countryside Properties

Countryside Properties PLC, the developer of sustainable mixed-use and mixed-tenure projects, has pre-let its new 4,409.2 sq. m. (47,461 sq. ft.) Aymer House office development in Chertsey, Surrey to Compass Group PLC. The site, which is being developed with US developer, Liberty Property Trust, is one of the most significant pre-lettings to be achieved so far this year in the M25 office market.

Compass Group, the world's largest food service company, has taken a pre-letting of the building on a new 20 year lease. Aymer House is due for completion in August this year and will become Compass Group's Corporate office.

The £20 million Aymer House building is the penultimate phase of 'The Chertsey Opportunity', a £70m joint initiative by Countryside Properties PLC and Runnymede Borough Council which is transforming the central area of Chertsey, close to the railway station, into a new central business and residential district. All four previous office phases totalling 108,000 sq ft were also pre-let prior to completion. The final phase, for which a planning application will be submitted shortly, will provide a mixed-use, residential led development, together with retail and restaurant accommodation around a new town square.

Graham Cherry, Chief Executive, Countryside Properties, commented: "We are delighted that Compass has chosen a Countryside development as their Corporate headquarters, confirming the exacting quality we aim to achieve in all of our commercial schemes. This development underlines the continued success of our programme of limited risk commercial projects, while the Chertsey Opportunity project as a whole illustrates our strengths in major mixed-use urban regeneration schemes."



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Information correct as at 23/05/2002