Storm Interface and Active Silicon sign new contracts at Waterside Court, Langley
RO Real Estate is delighted to announce that it has concluded the final letting in a succession of new deals at Waterside Court Langley. Following a letting to ADB Safegate in February 2024, Keymat Technologies t/a Storm Interface have agreed to relocate within the estate to reduce their footprint. This allowed Active Silicon to increase their footprint on the estate to encompass the whole of Unit 1 (8,754 sq ft) and takes
the estate to 100% let with a new WAULT (weighted average unexpired lease term) of 6.68 years and WAULTB (weighted average unexpired lease term to breaks) of 5.74 years.
The tenant lineup at Waterside Court has now become somewhat tech focussed with US based satellite communications business, Northrop Grumman, also on the estate. They all sit alongside a state funded music school for Langley Hall Primary Academy Trust.
Ed Davidson, Asset Management Director, RO Real Estate commented:
“This estate has seen significant rental growth over the past 5 years, driven by the arrival of the Elizabeth Line which can be accessed via Langley Station, a 2-minute walk from the site. This convenience combined with strong car parking provision has made it a compelling prospect for our tenants.
Curating this final tenant mix has been a real labour of love. We were very keen to work with our existing tenants to accommodate the requirements on the estate. We are very fortunate to have tenants that love the estate and the location and were keen to work with us to get a result that worked for everyone. I really believe we’ve achieved that and set up a long-term tenant mix position to thrive. There have been several
challenges in getting to this final result, but the collaborative working relationship developed between us, the tenants and amongst the tenants themselves has been really gratifying. This is a thriving ecosystem set up for long term success.”
Langley Station is 350 metres from the building and provides a regular and fast service to London Paddington, with a fastest journey time of 29 minutes, and links to the rest of the Thames Valley. Langley’s rail connections have further been significantly enhanced by the introduction of the Elizabeth line providing connections to the West End, the City and Canary Wharf. Langley also has excellent road communications, being only 1.5 miles north of the M4 (Junction 5). The M4 provides fast road access to Heathrow, central London as well as Slough, Maidenhead and Reading.
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