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News Release

Manchester

Miller Developments Lets its Prime Office Space in Knutsford


Manchester 15 May 2009 - Miller Developments has let 16,693 sq ft of its office development at The Pavilions, Knutsford, Cheshire to IFE Services, the in-flight entertainment company.

The transaction which recently completed represents the largest office disposal in the area for over three years.
Developed by Miller Developments, in partnership with Macclesfield Borough Council, the scheme is considered the premier development in the region and reached completion in March 2008.

The Pavilions which comprises five, two storey grade A offices totalling 26,704 sq ft is located on the Knutsford Business Park, just a few minutes walk from the town centre and two miles from junction 19 of the M6. This currently leaves two buildings of 5,651 sq ft and 4,100 sq ft available to let. 

Jonathan Wallis, from Miller Developments, commented: “We are delighted that our development has been chosen by one of the areas foremost and fastest growing companies, it underlines the fact that these buildings have been designed to meet the requirements of the most discerning occupiers.

“Our efforts will now focus on disposing of the final two buildings of 4,100 sq ft and 5,651 sq ft for which we are quoting a rent of £17.50 per sq ft on a leasehold basis or £190 per sq ft on a freehold basis.”

Rizvan Zafar, Finance Director of IFE Services said: “IFE Services see the relocation to The Pavilions, Knutsford as an important part of the future development and growth of the company allowing us to expand our business in a high quality environment.”

Miller Developments was represented by joint leasing agents Jones Lang LaSalle and GVA Grimley and law firm Addleshaw Goddard.