The multinational publishing and education company Pearson is to move to the Harlow Enterprise Zone at the 35 acre Kao Park development.
Pearson has agreed a ten-year lease and will move into the Grade A space in the summer of 2017, following a refurbishment managed by BMO REP to fulfil Pearson`s requirements.
This is the third significant letting at the 35-acre Kao Park, following two lettings last year totalling over 110,000 sq. ft. to Raytheon and Arrow Electronics. With Pearson also now moving to the Enterprise Zone there is real momentum which will undoubtedly attract other businesses.
Kao Park sits in the heart of the London-Stansted-Cambridge corridor and offers prospective occupiers floor plates in excess of 20,000 sq. ft.
BMO REP is now working towards delivering an office in the summer which is designed sustainably to fulfil Pearson`s requirements and letting the remaining 52,000 sq. ft. where strong interest has already been registered.
Pearson are moving from their current location on Edinburgh Way as the owners of that building are planning a major re-development of the site. As such, Pearson had to find new accommodation by the summer of this year. It was a real possibility that they may have had to move away from Harlow altogether, but the quality of premises that Kao Park is able to provide them with has ensured that they will continue their long standing relationship with the town.
Kao Park is the only campus within 30 miles of London to combine 215,000 sq. ft. of Grade A office accommodation and a state-of-the-art data centre within a landscaped business park. Kao Data Campus is named after Charles Kao who, 50 years ago, co-discovered the technology behind fibre optic cable whilst working on the site for Standard Telephone Laboratories (later Nortel). His work won him the 2009 Nobel Prize for Physics
Building on its tradition of being a home to innovation and new technology, the development on the Harlow Enterprise Zone site also includes the creation of the KAO Data campus adjacent to the business park. Once fully developed, KAO Data Campus will comprise of four data centres each split into four halls designed over three floors. It will be the only campus within 30 miles of London to combine:
- 150,000 sq. ft. technical space
- 200,000 sq. ft. of grade A office space
- Each technology suite will be capable of supporting a 2175kW IT load totalling an 8.7MW IT load across each building.
Zvi Noe, Director of Investments, BMO Real Estate Partners, says:
“Kao Park has a long history of scientific and technological breakthroughs. Having Pearson in the campus is befitting as this site is best suited for any business looking to place itself firmly at the forefront of research and innovation.”
Rod Bristow, Pearson’s President in the UK commented:
“Pearson has a long-standing commitment to Harlow, not just as a major local employer but as a part of the community through work like our partnership with the Sir Charles Kao University Technical College. I am therefore delighted to announce not only that Pearson is re-affirming its long-standing relationship with the town but also that we will shortly be moving into a new building better suited to our needs.”