Addington Capital signs travel agent for Cheltenham office space

Just Go Holidays has signed a deal to occupy more space at Addington Capital’s 109-117 High Street in Cheltenham. The travel agent has signed on 3,700 sq ft on the second floor at the building, becoming the latest tourism industry company to take more office space after a summer of travel reopening. Just Go has agreed to take a new 10-year unbroken lease on 3,700 sq ft of space on the second floor, at a rent of £27.50 per sq ft. It has also restructured its existing first floor lease on just over 7,400 sq ft of space, providing 10-year unbroken income at a rent of £25 per sq ft. In April 2020, the travel company relocated from an office location on the edge of the town centre to the newly redeveloped office space on the high street. Just Go now occupies 11,193 sq ft of office space in the building over two floors and has four car parking spaces. Addington originally bought the former retail block in 2015 with its joint venture partner and has since redeveloped the building. It has converted the redundant upper floors into office space and has created a new courtyard at first floor level. David Dalrymple, partner at Addington Capital, said: “We have repurposed this tired, old building to provide contemporary office and retail space in the centre of the town and it is great news that Just Go is expanding its offices and is prepared to commit to the building on long leases, highlighting the occupational demand for this type of refurbished product. “Cheltenham is a thriving regional town and the demand for quality real estate space continues to steadily grow.” To send feedback, e-mail alex.daniel@eg.co.uk or tweet @alexmdaniel or @EGPropertyNews