Beko buy and UPSIZE in Watford

De Villiers have completed the project management of the new Beko Plc HQ for over 120 staff. The premises have been fully refurbished including a brand new VRV air conditioning system and lighting system. The scope of the works included a new showroom facility for showcasing Beko products. De Villiers worked with Cube Interiors on the project. Michael Lee, Property Manager at Beko commented “The fit out at Croxley Gateway on our new HQ was completed on time and within budget and we were very pleased with the senior and highly responsive service that De Villiers provided.”

Beko have purchased Croxley Gateway in Watford from Threadneedle Property Investments. The property extends to 27,500 sq ft over two floors which Beko have improved and refurbished to provide a new corporate HQ including a substantial showroom facility. The property was originally constructed in 1990 and was formerly occupied by Xerox. Beko Plc is one of the leading Home Appliance companies in the UK and Ireland today, with over 22 million products sold since beginning UK operations in 1991.

Paul Wise, Head of Commercial at De Villiers said “Beko are an exciting and growing company investing in UK property which is becoming a rarity in today’s economic environment. Croxley Gateway will fulfill their requirements for showcasing their products and providing extra space for recruitment over the coming years. Croxley Gateway was identified early on as a standout opportunity to purchase a building in good condition.This transaction proves that there are some great opportunities for cash rich corporates at the moment. We have enjoyed working closely with Beko on fitting out the premises over the last 6 months”.

Ragip Balcioglu, Managing Director of Beko commented: “Our general vision is to have at least one of our products in every home in the UK. Watford has been a successful base for Beko for a number of years and our new HQ at Croxley Gateway will help us meet our challenges and objectives over the next few years.”