Tour operator snaps up space at office scheme

Property investment company, Palace Capital, has leased a further 11,300 sq ft of grade A office space at its Hudson Quarter development in York.

The new letting brings office occupancy at Hudson Quarter, which completed in April of this year, to 41% with a further 3,600 sq ft currently under offer.

Great Rail Journeys, the tour operator headquartered in York, has leased the fourth and fifth floors, including the top floor terrace, of the building on a 10-year lease.

Neil Sinclair, Palace Capital chief executive, said: “The latest letting we have secured at Hudson Quarter, York reflects the renewed demand we are seeing among occupiers for high quality, well connected office space, as well as the higher levels of office returns in the regions.

“When we launched Hudson Quarter, it was the first grade A office space to be available in the York market for over 15 years and with constrained supply and an additional 3,600 sq ft under offer, we are pleased with the progress we are making against this market backdrop.”

JLL acted for Palace Capital and Sanderson Weatherall acted for the tenant. Nick Dyson, head of commercial property at Blacks Solicitors, represented Great Rail.