Forsters’ Commercial real estate team advises Patrizia on 31,682 sq ft office letting to Costa Coffee
Forsters’ Commercial real estate team has advised Patrizia, a German investment management company focused on the real estate market across Europe, on its 31,682 sq ft office letting to Costa Coffee at Verulam Point in St Albans.
Costa will occupy the second and third floors of the building, establishing a new, consolidated UK headquarters for the company.
The letting is one of the largest office lettings in the St Albans market in recent months, demonstrating continued demand for premium office space in well-connected regional markets.
Under Patrizia’s asset management, Verulam Point has undergone a comprehensive refurbishment programme, enhancing the asset’s sustainability credentials.
Forsters’ team on this letting comprised Anthony Goodmaker and Katie Hibbs. Richard Spring and Charlotte Mashhoudy have advised on construction matters relating to the redevelopment of the building.
