Cofunds Opts For Witham In Essex’s Largest Office Letting For Ten Years
Leading independent financial services company Cofunds, advised by Gerald Eve, is to relocate its Chelmsford office to Witham, Essex after signing a new lease for Mayland House.
Cofunds, which operates the UK’s largest independent investment platform, has taken the 70,444 sq ft (6,544 sq m) building from landlord Braintree District Council on a new 15-year lease. Extensive refurbishment works are planned prior to the relocation of 600 staff to Mayland House, while existing tenant Randall & Quilter will remain in the premises as a sub-tenant of Cofunds as part of the deal.
Isabel Parker, associate at Gerald Eve, said: “This is the largest office letting in Essex for a decade, which not only highlights the suitability of the premises for Cofunds requirements, but also demonstrates the firm’s faith in Essex as a place to do business. Mayland House is a superb location for Cofunds and, once the refurbishment works have been completed, will offer a first-rate working environment for the relocated members of staff.”
Martin Davis, chief executive officer of Cofunds, added: “Our architects are working-up some exciting designs for the extensive refurbishment of Mayland House, and we see great potential for really putting our mark on the building to make it a ‘home’ fit for our long-term plans. We’re very much looking forward to working with local businesses so we can really be a part of the Witham community.”
Cofunds was advised by Gerald Eve.