27/09/2011

Novartis sign 64,000 sq ft office letting at Watchmoor Park, Camberley – Largest letting in the M3 for several years.

POSTED IN General

Pharmaceuticals company Novartis has signed for a 64,000 sq ft headquarters office building at Watchmoor Park in Camberley.

The move represents a turnaround for the company, which had threatened to pull out of the UK in April 2010. It will lease Block C at the park which had a quoting rent of £18per sq ft. In a statement it said: “Novartis has signed a lease for an office at Watchmoor Park, expanding its presence in the Frimley area.
“Associates from other offices will move to the site from March 2012, including some currently at Frimley Business Park, where any space freed up will be used to ease current overcrowding.
“This is part of the company’s ongoing efforts to align resources to better respond to patients and customers in a challenging healthcare marketplace.”

Source – Property Week