Tuesday, 10 June 2014



RO Real Estate, the UK commercial property investment and development company, has completed two new lettings totalling 23,675 sq ft at its prime office building, Hemel One in Hemel Hempstead, Hertfordshire.

NHS Herts Valleys Clinical Commissioning Group (HVCCG) has taken 10,366 sq ft on the second floor, on a five-year lease at a rent of £18.64 per sq ft. RO is also undertaking the tenant’s fit out work on their behalf.

HVCCG is a recently-formed clinical commissioning group that comprises all seventy GP practices in the west Hertfordshire region and commissions local hospital services, mental health services and community services such as community nurses and therapists.

Kodak Alaris Ltd has also signed up for a further ten years on 13,309 sq ft on the second floor of the building, located on Boundary Way. It has signed a new reversionary lease from July 2015 at £16 per sq ft. Kodak has been in Hemel One since July 2005.

Hemel One is a high-quality office building, comprising 96,000 sq ft of air-conditioned office space over four floors.

Richard Bourne, head of RO Real Estate, said: “This latest deal demonstrates the quality of the building and services on offer. We continue to retain valued tenants and attract new high-profile businesses to the building. We are delighted to welcome Herts Valleys CCG and to keep the building fully let”.

Knight Frank and Brasier Freeth acted for RO, Aitchison Raffety acted for NHS Herts Valleys Clinical Commissioning Group and ART Surveyors acted for Kodak Alaris Ltd.

Monday, 2 June 2014



RO Real Estate, the UK commercial property investment and development company, has completed the sale of a 47,400 sq ft mixed-use property in Rochester, Kent.

RO has sold Vaillant House, Trident Close, its part-office, part-industrial property to Brookshire Capital LLP for £1.575 million.
The disposal is part of RO’s ongoing strategy to reposition its portfolio by carrying out a rolling disposal programme and recycling the proceeds for reinvestment in core income and value-add opportunities in the south east.

RO has already disposed of £6.6 million of its non-core assets and acquired £8.6 million of high-quality properties in the south east, including Persimmon House, a 22,101 sq ft office building in Weybridge.

RO Real Estate will continue this programme throughout 2014 and it still has a significant amount of cash to reinvest on lot sizes between £2-5 million, which offer the opportunity to add value through active asset management, one of the company’s key strengths.

Richard Bourne, head of RO Real Estate, said: “This disposal will help improve the quality and performance of our portfolio, as we use the cash resources to acquire assets which will offer secure income and long term growth potential”.

RO Real Estate was advised by Watson Day. Brookshire Capital LLP was unrepresented. 

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For further information:

Richard Bourne, RO Real Estate
0207 025 1780

Faye Walters, Tavistock Communications
020 7920 3150

Notes to Editors:
RO Real Estate is a privately-owned company specialising in commercial property investment and development in the south east. It is the property division of the RO Group, which has majority interests in businesses involved in residential development, high-quality holiday lodge developments, domiciliary and specialist care services and the development of utility-scale solar energy projects.