A week after MD Alistair How sang the praises of the Brighton workforce, Bupa International has agreed a new lease on 4,180 sq metres of office space at Victory House in Trafalgar Place near Brighton railway station.
The private healthcare operator has taken a 15 year lease with a 10 year break clause at a rental in the region of £21.50/sq ft on the accommodation owned by Invista Foundation Property Trust.
Property Week reports that the deal is also thought to include a rent-free period of less than 20 months with a £2.9m cost of refurbishing the building to Bupa’s specifications to be completed in the third quarter.
The 7,618 sq metre Victory House is now fully let.
In an article printed in the local Argus newspaper two weeks ago the MD of Bupa committed the company to the city citing its highly qualified workforce as a major factor in the company's location decisions saying: “ It would be very easy for us to up sticks and go somewhere else but this is where our staff want to work”.
"If I had a magic wand, I would love Brighton to have more office space. But the city has a great charm and quirkiness which suit Bupa because it’s a Liquorice Allsorts sort of business with all the different nationalities we have”.
Bupa employs about 600 people in Brighton & Hove and is one of the city's top 20 private sector employers.
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