57,000 sq ft urban logistics letting agreed
Valor Real Estate Partners has completed a 57,000 sq ft pre-let to Specialist Computer Centres (SCC) at Oscar House in Birmingham.
After acquiring the urban logistics property in 2021, Valor carried out a refurbishment programme which included a 6,000 sq ft extension and a number of sustainability initiatives that improved the building’s EPC rating from a D to an A.
The 15-year lease with SCC, a global IT solutions company, also includes a green clause which mandates the sharing of energy usage data to ensure the asset operates as efficiently as possible.
The property is ideally located in the Tyseley district, a key hub for SCC’s operations.
Will Outram, associate, asset management at Valor, said: “Oscar House is the latest example of our ability to identify critically undersupplied pockets in dominant European cities where we can generate both capital and rental uplifts through targeted asset management. We are increasingly focused on delivering a highly sustainable product via retrofitting, which reduces the embodied carbon, and both supports our tenants in achieving their own ESG goals and is more cost-efficient to occupy.”
Valor was advised on the letting by Harris Lamb, Savills, and Avison Young.