Storm Interface and Active Silicon Secure New Tenancies at Waterside Court
Deal News | Jan 28, 2025 | The Ro Group
RO Real Estate, a part of The Ro Group, has achieved full occupancy at Waterside Court in Langley, following new tenancy agreements with tech companies Storm Interface and Active Silicon. Active Silicon expanded to occupy the entirety of Unit 1, taking the estate to full occupancy with a new WAULT of 6.68 years. The tenant mix at the site now emphasizes technology and includes major firms like Northrop Grumman. The estate's prime location, adjacent to the newly introduced Elizabeth Line, increases accessibility and has driven rental growth over the past five years. Ed Davidson, Asset Management Director, acknowledges the collaboration with tenants and anticipates long-term success for the estate.
Sectors
- Real Estate
- Technology
- Infrastructure
Geography
- United Kingdom – The events described in the article take place in Langley, UK, highlighting local investment and leasing activities.
Industry
- Real Estate – The article focuses on real estate and leasing activities at Waterside Court, Langley.
- Technology – Companies involved in the leases such as Active Silicon operate within the technology sector.
- Infrastructure – The article mentions the strategic importance of transport infrastructure like the Elizabeth Line and the proximity to Langley Station.
Financials
- 8,754 sq ft – The space occupied by Active Silicon at Unit 1, Waterside Court.
- 6.68 years – New weighted average unexpired lease term (WAULT) for the estate.
- 5.74 years – New weighted average unexpired lease term to breaks (WAULTB) for the estate.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| RO Real Estate | Asset Management | Company | Part of The Ro Group, managing and leasing properties at Waterside Court, Langley. |
| Storm Interface | Tenant | Company | Keymat Technologies trading as Storm Interface, moving to a smaller space within the estate. |
| Active Silicon | Tenant | Company | A tech company that has increased its footprint by taking over Unit 1 at Waterside Court. |
| ADB Safegate | Tenant | Company | Previously signed a lease at Waterside Court in February 2024. |
| Northrop Grumman | Tenant | Company | US-based satellite communications business, part of the tenant lineup at the estate. |
| Langley Hall Primary Academy Trust | Tenant | Charity | A state-funded music school located within the estate. |