Verifone for Stockley

Chester Properties and CarVal Investors have exchanged contracts on a ten-year lease on the whole ground floor of 3 Roundwood Avenue in Stockley Park with Verifone.

Verifone will be moving from the nearby Cowley Business Park in to the 21,000 sq ft space.

The letting means that Chester Properties and CarVal Investors and have successfully found occupiers for 1, 3 and 5 Roundwood Avenue. These have also included leases to Kuehne + Nagel (ca. 16,000 sq ft), Cargo Logic (ca. 21,000 sq ft) and the sale to MSC Shipping of 5 Roundwood Avenue (ca. 46,000 sq ft) for its own occupation. This follows on from the earlier successful refurbishment and letting to Lucozade Suntory of 2 Longwalk Road.

Michael Landers, director at Chester Properties, commented: “The letting to Verifone concludes a successful marketing and letting campaign for the four buildings over the last few years, which has resulted in just over 150,000 sq ft let or sold to occupiers in that period.  The success is testament to the quality of the refurbishments carried out and also our ability to meet the various occupier requirements.”

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