220,275ft² NOTTINGHAM BUSINESS PARK FULLY LET FOLLOWING OFFICE SPACE DEAL
A joint venture (JV) between Chancerygate and Bridges Fund Management has fully-let its 220,274ft² Beeston Business Park in Nottingham.
The park comprises Waterfront House, a 91,895ft² multi-let Grade A office building, three industrial units totalling 128,379 sq ft and a 0.71-acre development plot.
Following an extensive refurbishment, and the letting of 26,800ft² to web giant Go Daddy last summer, all the remaining 34,500ft² of vacant space at Waterfront House has been let to housing association Metropolitan Thames Valley Housing on a 20-year lease.
Beeston Business Park’s industrial buildings are occupied by accident and repair manufacturer AW Repair Group and electronics manufacturer SMS.
Chancerygate’s head of asset management, Rory Finnan, said: “Metropolitan Thames Valley Housing’s letting at Waterfront House is one of the largest in Nottingham over the past three years which is testament to the quality of both the office space and the advantages the location offers.
“We are very proud of what has been achieved at Beeston Business Park, and this is reflected by the high calibre of occupiers we have attracted and retained on the site.
“The transformation of Beeston Business Park from a tired and empty place into a thriving mixed-use site ably demonstrates the asset, development and project management skills of the Chancerygate team and the vision of our joint venture partner, Bridges Fund Management.”
Simon Ringer, head of property funds at Bridges, added: “Beeston Business Park has been a great success for our JV and an important regeneration project within the Nottingham Enterprise Zone. All our occupiers recognise the excellence of the development as an inspiring space to work and ultimately create further employment opportunities.”
Mark Tomlinson of FHP Property Consultants commented: “FHP have acted for Chancery Gate on this scheme for some time and it is very pleasing to see how the site has been evolved over that time, from a mixture of secondary commercial buildings beyond their useful life to a new build housing scheme, brand new trade and warehouse units and the fully refurbished Grade A office building at Waterfront House. The site now being at full occupancy following the latest 35,000ft² letting at Waterfront House to Metropolitan Housing Trust, who were advised by Challinor Property.”
FHP and Innes England are joint letting agents for Beeston Business Park.
Contact: Mark Tomlinson
Tel: 0115 841 1134
Date: April 2020