Helical has agreed to a second letting at the re-launched Power Road Studios to a leading global benchmarking firm STEM Healthcare Limited.
STEM has moved from the Light Box scheme nearby and has taken the 1st floor of Studio 1, totalling approximately 5,900 sq ft. This follows the letting to Intelligent Media last month at the same rent.
The letting to STEM takes the total lettings since the launch to 8,500 sq ft, with approximately 6,500 sq ft remaining.
Studio 1 has recently undergone a comprehensive refurbishment, including the creation of a new campus entrance leading onto Power Road and high-quality warehouse style office space, offered on flexible lease lengths in order to appeal to a wide range of businesses.
The space was launched in October 2017.
Bejal Bhimijiyani of STEM Healthcare commented: “We’re delighted to be moving into a bright and spacious office environment that will accommodate our talented team as the demand for our services continues to grow across the globe. The additional space and flexibility gives us the meeting, thinking and working space we really need and we look forward to settling in.”
Tom Anderson of Helical added: “Studio 1 was launched less than a month ago and to have two tenants take over half the space at this early stage is testament to the quality and type of environment that we have created here at Power Road. The studios have always attracted a wide range of tenants and the warehouse style is clearly popular with local occupiers”.
Frost Meadowcroft and Hanover Green advised Helical.