KAO PARK NEWS_
BMO REP Secures New Tenants for Iconic Harlow CampusJanuary 17, 2017
BMO Real Estate Partners (BMO REP) has today announced the letting of 28,000-sq. ft., to multinational publishing and education company Pearson, at the 35 acre Kao Park, in Essex’s Harlow Enterprise Zone.
Pearson has agreed a ten-year lease and will move into the Grade A space in the summer of 2017, following a refurbishment managed by BMO REP to fulfil Pearson`s requirements.
This is the third significant letting at the 35-acre Kao Park, in Essex’s Harlow Enterprise Zone following two lettings last year totalling over 110,000 sq. ft. to Raytheon and Arrow.
Kao Park sits in the heart of the London-Stansted-Cambridge corridor and offers prospective occupiers floor plates in excess of 20,000 sq. ft.
BMO REP is now working towards delivering an office in the summer which is designed sustainably to fulfil Pearson`s requirements and letting the remaining 52,000 sq. ft. where strong interest has already been registered.
Kao Park is the only campus within 30 miles of London to combine 215,000 sq. ft. of Grade A office accommodation and a state-of-the-art data centre within a landscaped business park. Kao Data Campus is named after Charles Kao who, 50 years ago, co-discovered the technology behind fibre optic cable whilst working on the site for Standard Telephone Laboratories (later Nortel). His work won him the 2009 Nobel Prize for Physics
Building on its tradition of being a home to innovation and new technology, the development on the Harlow Enterprise Zone site also includes the creation of the KAO Data campus adjacent to the business park. Once fully developed, KAO Data Campus will comprise of four data centres each split into four halls designed over three floors. It will be the only campus within 30 miles of London to combine:
· 150,000 sq. ft. technical space
· 200,000 sq. ft. of grade A office space
· Each technology suite will be capable of supporting a 2175kW IT load totalling an 8.7MW IT load across each building.
Lee Baron represented BMO REP.
Zvi Noe, Director of Investments, BMO Real Estate Partners, says:
“Kao Park has a long history of scientific and technological breakthroughs. Having Pearson in the campus is befitting as this site is best suited for any business looking to place itself firmly at the forefront of research and innovation.”
Rod Bristow, Pearson’s President in the UK commented:
“Pearson has a long-standing commitment to Harlow, not just as a major local employer but as a part of the community through work like our partnership with the Sir Charles Kao University Technical College. I am therefore delighted to announce not only that Pearson is re-affirming its long-standing relationship with the town but also that we will shortly be moving into a new building better suited to our needs.”
Carl Whayman, Chief Executive, Lee Baron, commented:
“Kao Park has enjoyed a surge in lettings over the last year attracting occupiers such as electronics supplier, Arrow Electronics, and defence innovation specialist, Raytheon UK. We are delighted that Pearson has agreed to join the Kao Park family.”