Helical signs Power Road Studios letting

Helical has signed the second letting at its re-launched Power Road Studios to STEM Healthcare Limited, a global bench-marking firm.

STEM has moved from the nearby Light Box scheme and taken the first floor of Studio 1, totalling 5,900 sq ft. This follows the letting to Intelligent Media last month at the same rent.

Studio 1, Power Road Studios has recently undergone a comprehensive refurbishment, including the creation of a new campus entrance leading onto Power Road and warehouse style office space, offered on flexible lease lengths in order to appeal to a wide range of businesses.

The space was launched in October 2017 and the letting to STEM takes the total lettings since the launch to 8,500 sq ft, with approximately 6,500 sq ft remaining.

Bejal Bhimijiyani of STEM Healthcare said: “We’re delighted to be moving into a bright and spacious office environment that will accommodate our talented team as the demand for our services continues to grow across the globe. The additional space and flexibility gives us the meeting, thinking and working space we really need and we look forward to settling in.”

Tom Anderson of Helical said: “Studio 1 was launched less than a month ago and to have two tenants take over half the space at this early stage is testament to the quality and type of environment that we have created here at Power Road. The studios have always attracted a wide range of tenants and the warehouse style is clearly popular with local occupiers”.

Frost Meadowcroft and Hanover Green advised Helical.

By James Buckley CoStar – Friday, November 17, 201