One of the largest office developments in Surrey is planned by Rockspring and Exton Estates with a 9,596 sq.metres (103,296 sq.ft.) scheme at the Arrows, Weybridge. The Grade A project named Velocity is on a site which Rockspring UK Value Fund bought from Mercedes for £4.25 million in January. It will have 370 car parking spaces. Rockspring’s Richard Bains commented: “We are confident that, in selected locations, now is the right time to bring newproducts to the market, putting us ahead of anticipated competition.”
Also in Weybridge, Verint Systems has leased a 1,918 sq.metres (20,648 sq.ft.) office from the Merseyside Pension Fund through agent Hurst Warne. There is a long rent free period and the rent is £247.48 a sq.metre (£23 a sq.ft.).
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