LaSalle Investment Management (“LaSalle”) today announces that it has completed eight lease renewals at Enterprise House, Portsmouth.

Serco Ltd. (“Serco”), the FTSE 100 support services company, has signed new five year leases on over 30,000 square feet of office space at a total rent of nearly £320,000. In addition, Serco, who occupy via a subsidiary company, The Listening Company, have pre-emption rights to lease any new space which becomes vacant in the building.

Enterprise House, which totals approximately 52,350 square feet, comprises a 10 storey building, together with a 3-storey annex, is centrally located next to Portsmouth & Southsea rail station.  LaSalle, on behalf of the landlord, has agreed to refurbish the common parts and reception, the works for which have just commenced.

Andrew Miller at LaSalle Investment Management said: “We are delighted to have secured new leases on nearly 60% of the building with a top FTSE 100 company. These renewals, together with the refurbishment works, will considerably improve our client’s investment.”

LaSalle were advised by Lambert Smith Hampton.