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Wednesday, 26 February

Sweet Move for Diabetes UK

Boultbee Brooks Real Estate has completed a 10-year lease with the charity Diabetes UK for a new commercial property in East London.

The new 25,000sq.ft commercial office in Aldgate East, London, is located at 126 Back Church Lane and was constructed in summer 2015.

Diabetes UK will be the sole occupier of the six-story building which has been designed with the same contemporary, industrial feel that has come to represent the City ‘fringe’ area. Situated a short walk from Aldgate and Whitechapel tube stations, the property is regarded as being well placed to benefit from the arrival of Crossrail and the increasing number of occupiers seeking contemporary work space at a discount to Shoreditch, Clerkenwell and Farringdon.

Boultbee Brooks Real Estate had been working on for nearly 18 months and was the second building it had purchased and successfully let in the Aldgate and Whitechapel area. “It continues our forward thinking approach to acquiring investment and development opportunities in emerging, well connected locations,” explained James Whitche, Boultbee Brooks.

Prior to the move, Diabetes UK had been 15 years in residency at 10 Parkway, Camden and it will relocate its offices to 126 Back Church Lane, London, E1 later this year. “With our current lease at Parkway coming to an end it is no longer financially feasible for us to stay in Camden,” stated Anthony Francis, Head of Project & Facilities Management, Diabetes UK. “We selected our new office through a process of thorough and careful consideration, taking great care to ensure the best financial return on investment. We are hugely excited about the move as by better meeting our evolving business needs it will enable us to care, connect and campaign with even more of the four million people who are currently living with diabetes in the UK.”

The East London submarket on the fringe of the City is now attracting ‘significant levels’ of investment from developers as well drawing occupiers unable to secure space in core locations. Aldgate and Whitechapel’s offer has been markedly strengthened by high profile relocations and the expectation of a dedicated Crossrail station at Whitechapel. Take-up during 2015 in and around Aldgate more than doubled year on year with vacancy down by 50 percent as a result.

Colliers International and Deloitte Real Estate advised Boultbee Brooks Real Estate. Diabetes UK was advised by Knight Frank.

Picture: After 15 years in Camden the charity Diabetes UK has signed a 10-year lease with Boultbee Brooks Real Estate and is moving offices to a new building in Aldgate East, London 

Article written by Robin Snow

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