Mortgage provider agrees 10 year lease on Peterborough office

A mortgage provider has agreed a 10 year lease on offices in Peterborough.

Tuesday, 19th April 2016, 12:48 pm
Updated Tuesday, 19th April 2016, 1:55 pm
Stuart House, in City Road, Peterborough.

Mortgages4Life has taken on the lease for 3,534 sq ft of office space on the third floor at Stuart House, in City Road, ahead of its launch in the autumn.

Simon Little, Mortgages4Life’s chief executive, said: “We needed very little convincing that Stuart House was the right premises for our new business.

“It is without a doubt the most prestigious office development in Peterborough city centre which offers excellent transportation links for both staff and key suppliers.

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“It will be an integral part of the success of the business as we look to grow and expand.”

Paul Farrow, director of business space at Savills Peterborough, said: “Stuart House is in the process of undergoing a comprehensive refurbishment and upon completion will offer some of the only available Grade A space in Peterborough city centre.

“We, along with Mortgages4Life, are very happy with our new home and due to the property’s strong credentials expect to receive considerable interest in the remaining available space.”

The office space has been let by CEG, advised jointly by Savills and Lambert Smith Hampton.

This follows the recent letting to Savills, which relocated to the newly refurbished office building from Trinity Court at the beginning of the year, occupying 11,798 sq ft on the third floor.

Currently 50,000 sq ft remains available to let at a rent of £13 per sq ft.

Mortgages4Life was represented by Talkspace.