This is one of a number of findings in the company's first edition of its National Office Report.

When it came to the Peterborough Business Park, lSH was involved in a number of deals. It introduced AB Agri to Frenbury Developments for the first phase of its new Lynchwood scheme.

AB Agri has taken a pre-let on 21,250 sq ft at £15.50 per sq ft.

At Nene Hall, acting for Diligenta, a letting was recently agreed to a medical company on about 31,000sq ft approx at £12.50 per sq ft – the largest office letting in Peterborough for five years.

Other deals included Park House, a 21,000sq ft detached office assigned to BGL Group at a passing rent of just under £11 per sq ft, and Western House, where there were two lettings, one on the ground floor of about 12,400sq ft to BMP Paribas at £12.50 per sq ft and another on the first floor (12,600 sq ft) to a financial services company at the same rent.

Office space was let in the city centre, at Midgate House – about 10,650sq ft to Jaggards at £10.50 per sq ft and 11,550sq ft of air-conditioned space to Frontline Ltd at £11 per sq ft.

In the city's Bourges Boulevard, 57,300 sq ft of office property was sold on behalf of Telereal Services for a figure in the order of £4.7million to Heritage Hanover and London for conversion to a Rezidor Group hotel.

Work is now under way on this important development.

LSH has also been busy on the acquisition front for tenants. Following on from the acquisition of Grant House for Buckles Solicitors in 2006 (15,000sq ft), the company also currently has a requirement from a blue chip client for about 50,000sq ft in Peterborough.

While the investment market has cooled, LSH was still able to conclude the £16million sale of the Royal and Sun Alliance Headquarters, RSA House and Media House (164,650 sq ft), now the home of Bauer on Peterborough Business Park at the tail end of 2007 and, earlier in the year acquired the 25,000 sq ft Trinity Court office investment in Peterborough city centre for a private pension company for £2.5million.

In the last couple of months alone, the agent has formalised new instructions on about 70,000sq ft of new quality office space in the city centre.

Its rent reviews have included a settlement for Perkins Engines Ltd as tenant of 58,000sq ft of offices at Vicarage Farm Road, Peterborough.

It also acted for F&C Asset Management in the rent review of about 52,000sq ft offices leased to Emap on Peterborough Business Park and has advised Mapeley Estates in respect of about 68,000sq ft of offices within Aragon Court in the city centre.