KENT, UK-Redefine International, a diversified-income focused property company, has secured a 7,319 square-foot lease with Railsimulator.com at The Observatory, the company's 21,451 square-foot office building in Chatham Maritime, Kent.
Railsimulator.com, developers of Train Simulator 2013 the world's leading train simulator for the home PC, has leased the entire first floor of the office building, on a seven-year lease, at a rent of $175,000 (£115,000) annually.
“This letting illustrates the early stages of activity we are seeing for good quality space in some of the regional office markets and we are optimistic that the increase in interest will deliver further take-up of space in due course,” said Vedran Kosoric, senior asset manager at Redefine International Property Management. Redefine was represented by Watson Day on the transaction.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
