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RNS Number : 6147I

Max Property Group PLC

02 June 2014

PRESS RELEASE

2 June 2014

Max Property Group PLC announces major pre-let at

Commodity Quay, St Katharine Docks

Max Property announces today that it has agreed to pre-let 75,780 sq ft of office accommodation at Commodity Quay on a 15 year lease to Clarksons Plc, the world's leading provider of integrated shipping services. Rentals range from GBP43psf to GBP50psf with higher rents achieved on the higher floors. The 140,000 sq ft new refurbishment at St Katharine Docks contains 127,000 sq ft of offices, is nearing completion and will be launched in June 2014.

The letting follows the recent 22,000 sq ft pre-let also at Commodity Quay to Six Degrees Group, the specialist integrated managed communications service company, and several lettings at the nearby 210,000 sq ft International House, which is now fully let.

The scheme designed by Buckley Grey Yeoman has also attracted celebrity chef Tom Aikens to one of the two feature restaurant units at quay level, where a new Tom's Kitchen will open in July.

The remaining 27,000 sq ft of Grade A office space at Commodity Quay comprises the top two floors plus 5,000 sq ft at first floor level and will be offered to the market through letting agents Savills, Ingleby Trice and H2SO when the building is launched in June 2014. It represents the only available remaining space at the 500,000 sq ft docks which Max Property originally acquired in 2011 with significant voids.

Ben Walford a partner in Prestbury Investments LLP, Max Property Group's investment advisor, commented:

"We are very pleased to welcome Clarksons Plc, the global leader in shipping services, who have recognised Commodity Quay's exemplary quality coupled with its unique location in the heart of London. The strategy for St Katharine Docks has been to attract a community of different sector occupiers to create a diverse, vibrant and prosperous business and visitor community. Clarksons fully reflect this strategy."

MPG were advised by Savills and Clarksons Plc by CBRE and J Peiser Wainwright.

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-- For media enquiries or further information about Max Property Group and Prestbury Investments, contact Nina Legge or Stephanie Highett at FTI on 020 3727 1000 or Mike Brown at Prestbury on 020 7647 7647; and for media enquiries or information about St Katharine Docks please contact Henry Cox at London Communications Agency on hc@londoncommunications.co.uk , mobile 07739 023173 or 020 7612 8481.

-- For enquiries into business letting opportunities at St Katharine Docks, please contact Ben Walford at Prestbury Investments on ben@prestbury.co.uk or 020 7647 7647.

Notes to Editors:

St Katharine Docks

-- St Katharine Docks, adjacent to the Tower of London and Tower Bridge on the River Thames, is Central London's only marina comprising 160 berths surrounded by 500,000 sq ft of commercial space which houses small mid-size and large International companies.

-- St Katharine Docks was acquired for GBP156 million by Max Property in July 2011 in a joint venture 60% owned by Max Property and is managed by Max's external managers, Prestbury Investments.

-- Since Max Property's acquisition of St Katharine Docks in 2011, over 70,000 sq ft of prime office space at the 210,000 sq ft International House has been let to companies including QA Limited the UK's leading learning company, Sectorlight, ex Saatchi and Saatchi Director Jerry Llewellyn's brand agency, and high-growth tech start-up hub Rainmaking Loft.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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