NovoNordisk_CushmanWakefield_RPF_FINAL

53 Novo Nordisk | Cushman & Wakefield

There is an opporutntiy to give a longer committment in a lease would well rewarded. Incentive packages to move to another building would expect to be increased. LEASE OVERVIEW SUBMARKET OVERVIEW MARKET OVERVIEW Landlord: Fidelity Submarket Name: Gatwick Market Name: Gatwick Lease Expiration: 2/29/2024 Submarket Rent: 268 GBP per sqm annually Annual Market Rent: 268 GBP per sqm annually Client Occupied Area: 3,688 sqm Annual Rent Growth: Annual Rent Growth: - Asset Type: Office Vacancy Rate: 5.50% Vacancy Rate: 5.5% Class: A Inventory Area: 710,280 sqm Inventory Area: 710,280 sqm Up to 4 years remaining - we would not anticipate a longer committment. Under Construction: - Under Construction: -

3 City Place, Beehive Ring Road, Gatwick | Crawley West Sussex United Kingdom MARKET INSIGHTS Broker Opinion of Rent: 268 GBP per sqm annually

The market is limited. It is driven by the Airport to which, given the impact of COVID-19, we will likely seek a number of avaition companies suffer and space will likely return to the market. Virgin Altantic has said they will not fly from Gatwick going forward which could see a huge amount of space coming

back. Demand is mainly driven by local occupiers as the large corporates are there and have been there for a number of years. No real new entries to this market. This is a prime, high quality building ontop of the airport & A3. A well placed and strong desired location within Gatwick.