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Smiths Medical relocates international headquarters to Eureka Park
April 10, 2009

Quadrant Estates has secured a new letting at Eureka Park in Ashford, to Smiths Medical International Ltd.

Smiths Medical International has taken 24,172 sq ft at Eureka Park’s recently completed headquarter building known as ‘Herald’, which was built speculatively and completed at the beginning of the year. A 15 year lease, with a headline rent of £19.50 per square foot was agreed, which marks a new record rent** for Eureka Park and an important milestone in the current Kent occupier market. A single floor of 11,000 sq ft remains available.

Smiths Medical will take the first and second floors of this three-storey building following the relocation of its International business headquarters from Hythe in East Kent. This move demonstrates Smiths Medical’s commitment to the area, and also will serve as an important training and education centre for healthcare professionals and distributor customers.

Tristram Gethin, director of Quadrant Estates stated: “This letting to Smiths is fantastic for Eureka Park and reinforces its viability as a destination which will be further enhanced with the opening of the new 37 minute rail link to London in December. Despite the economic downturn, Quadrant is continuing to attract leading companies by offering high quality buildings at competitive rents, firmly putting Eureka and Ashford on the map”.

Herald is a high profile steel and glass office building totaling 35,750 sq ft which forms the second phase of offices at Eureka Park in Ashford, a designated area for growth. The initial 51,000 sq ft Northdown office development has been very well received by local and regional occupiers with 100% of the space now committed. In February 2009, Quadrant Estates received planning permission for a further phase of Northdown offices, to be known as Northdown II, which totals 104,000 sq ft and includes a pre-sale of 34,000 sq ft to Basepoint Business Centres.

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