M&G Real Estate has signed global pharmaceutical group Merck Serono for over 20,000 sq ft of space in Bedfont Lakes.
Merck Serono is subsidiary of German giant Merck. The group will take 20,655 sq ft – the entire first floor – in 5 New Square, choosing to move its UK headquarters to West London from Kings Cross. Existing tenants at the 375,000 sq ft business park include IBM, Birds Eye, Cisco Systems and World Duty Free.
Aaron Pope, Asset Manager, Offices at M&G Real Estate, said: “Demand for newly refurbished Grade A office space in the south east remains strong, particularly at developments such as New Square, which is close to Heathrow airport. New Square’s number of high calibre national and international occupiers highlights the draw of well-connected and specified offices for a broad range of businesses.”