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24/01/2008 - Avanta takes off at Heathrow Airport

AVANTA TAKES OFF AT HEATHROW AIRPORT Serviced office company Avanta has added another property to its growing portfolio of business centres by acquiring the Capital Place office building on the A4 Bath Road, opposite Heathrow Airport , for £12.2 million from Capital & Counties. The building provides over 51,000 sq ft of office space and is located between junctions 3 and 4 of the M4, and is expected to open as an Avanta serviced office in April this year. The A4 Bath Road is home to many well known names in the aviation sector such as BAA’s property division, BAA Lynton, Boeing, Sita, Equant, SAP, EDS and Samsonite. Situated directly opposite the world’s busiest international airport and between junctions 3 and 4 of the M4, Capital Place also enjoys excellent public transport links such as the Heathrow Express and Piccadilly Line underground services from Hatton Cross. The move represents a further strengthening of Avanta’s presence in West London, following the launch last year of its 43,000 sq ft business centre in Harrow. Chief Executive David Alberto said: “There is increasing occupier demand in the market for unbranded, competitively priced, flexible business space, which we are well placed to satisfy with our growing portfolio of business centres”. He continued: “The location of Capital Place is perfectly situated on the doorstep of Heathrow Airport and transport links, and we are sure that there will be a strong demand for workspace from occupiers.” For further information, please contact: PR agency contact: Richard Stocks FD Tamesis Tel: 020 7269 9355 Avanta contact: Chris Taylor Avanta Management Services Ltd 1 Hammersmith Grove London W6 0NB Tel: 0203 008 6000 http://www.avanta.co.uk/ Avanta Avanta is an emerging name in the serviced office market, with a rapidly growing portfolio of office suites in prime locations across London, and in the Thames Valley. The company was formed in 2004 by David Alberto, previously with Regus and former Managing Director at MWB Business Exchange. Avanta can offer highly flexible, unbranded office space, with advanced and competitively priced technology, tailor made to meet the requirements of the occupier. The company manages over 485,000 sq ft of office space across fifteen locations, with an average occupancy rate of over 90% in mature locations.