New letting at Milton Keynes Pinnacle

Posted on by John Cronin

A new letting has been secured at a landmark office scheme in Milton Keynes.

pinnacle milton keynesInternational paper merchant Paperlinx has recently agreed to a lease for 7,711 sq ft of floor space within the award-winning Pinnacle office scheme in central Milton Keynes.

This latest letting takes the occupancy rate at the building to approximately 70%, although the official website does not yet reflect the latest letting. The Pinnacle is a £70m speculative office scheme and was completed in July 2009 by joint developers Hampton Brook and Aberdeen Property Investors. Total, Grade A floor space amounts to 250,000 sq ft of which 75,000 remains vacant. Among the other tenants, accountancy firm Deloitte and law firm Denton Wilde Sapte both agreed to pre-let agreements.

Described by the developers as “most prestigious development to arrive on the business landscape of Milton Keynes for more than 25 years”, the scheme was the first office complex in Milton Keynes to achieve a BREEAM rating of ‘Excellent’. The building was a winner of the Office Development Awards for Sustainable Achievement. The scheme consists of two buildings, The Pinnacle and The Mews. The smaller Mews building offers a range of self-contained offices with suites within the whole scheme starting at 5,000 sq ft. Quoted rental prices are £21.50 / sq ft.

Commenting on the latest letting, Ian Jackson, a Director of Hampton Brook said: “PaperlinX were initially attracted to The Pinnacle because of the high quality of offices the building provided, its stunning location and excellent communications for their staff.”

Marketing agents include Lambert Smith Hampton.

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