Major Leicester office letting revealed

Peat House pic by Edward Moss Photography

Real Estate Investors plc (REI) has announced a major office letting in Leicester.

The AIM-listed real estate investment trust has let just over 14,000 sq ft in Peat House, Leicester, to Charles Alexander Distribution.

The Leicester-based distributor of promotional merchandise has taken the whole of the first floor and part of the second at a new rental high for Peat House of £13.75 per sq ft.

Other tenants include Bellrock FM which occupies 21,715 sq ft, Innes England and accountants KMPG.

Ian Clark, REI’s senior asset manager, said: “The latest letting came after substantial investment from the landlord into the office space and reception area, creating Grade A office space that represents exceptional value.

“The deal was completed in just two months from initial viewing to completion, and is testament to both sides for ensuring the deal happened so quickly.”

Agents Phillips Sutton advised REI. Legal advice to REI was provided by Shakespeare Martineau.