RO Real Estate, the UK commercial property investment and development company, has completed two lettings, totalling 6,060 sq ft of office space at Katherine House in Potters Bar, Hertfordshire, generating an additional rent roll of £120,340 p.a.
RO has leased 2,443 sq ft of space to Next Step Care Management, a nationwide organisation offering alternative residential accommodation to young people, on a 10 year lease. A P Xpress, a design company supplying printed labels to the fashion industry, has taken a further 3,617 sq ft of space on a 10 year lease.
Katherine House is a 3 storey self-contained office building, offering allocated parking for up to 18 cars. It is conveniently located near Potters Bar railway station which provides a 30 minute service direct to London Kings Cross Station.
Richard Bourne, head of RO Real Estate, said: “We are pleased to have secured full occupancy at Katherine House. These lettings demonstrate the momentum across our portfolio and the intensity we strive to put into all our asset management activity. The proximity to the mainline station and the availability of parking were key factors.”
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For further information:
Edward Rowlandson / Nick Moore, RO Real Estate
01707 601400 / 0207 025 1780
Kirsty Allan, 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, with a portfolio of more than £8 million of properties. It is the property division of the RO Group, which was founded in 1932 by Stanley Graham Rowlandson. His innovative attitude to business has been carried forward by his son, and current Chairman, Richard Rowlandson, who used the Group’s property and retailing experience to develop over 40 neighbourhood centres in the 1980s and 90s and 30 Pegasus Retirement Homes in the 2000s. Now Graham’s grandson and current Group Managing Director, Edward Rowlandson has grasped the mantle overseeing the Group’s investment in various entrepreneurial ventures which in addition to commercial property investment include residential development and high quality holiday lodge parks.