Harbert Management Corporation and XLB Property have secured the Environment Agency to take 21,909 sq ft on the ground and first floors at Alchemy, Welwyn Garden City.
The Environment Agency join existing tenants Deutsche Telekom and Pinnacle Engineering, taking the building to over 80% let.
Harbert Management Corporation and XLB Property purchased Alchemy from Blackstone in March 2016, when the building was fully vacant.
Toby Lumsden, Associate Director at Colliers International said: “We are delighted to welcome the Environment Agency to Alchemy, a new tenant for the town. Harbert Management Corporation and XLB Property have taken a proactive approach to the asset management at the building, which has translated into lettings of over 80% of the space within a year.”
Alchemy occupies a prominent position in Welwyn Garden City and boasts high profile neighbours including supermarket chain Tesco, business services and technology giant Xerox and global health-care company Roche. The last remaining second floor suite of 8,211 sq ft is available at a quoting rent of £21.50 per sq ft.
Colliers International, Savills and Brasier Freeth advised the Landlord, GVA advised the Environment Agency.