FHP SECURE PRESTIGIOUS LETTING WITHIN AWARD WINNING BOUTIQUE OFFICE SCHEME


August 26, 2008

Office News

Fisher Hargreaves Proctor, acting on behalf of Braemore, has completed its first letting at Ashbourne House; winner of the Best Regeneration Project at the recent Nottingham Evening Post Commercial Property Awards. The letting, to the Confederation of British Industry, is on a 10 year lease which constitutes 1,111ft² for an annual rental of £24,000 per annum.

‘Considering the economic climate, this is an incredible achievement for us,’ says James Hartley of FHP. ‘We began marketing Ashbourne House in July and here we are four weeks later with just one floor left to let. The building is extraordinary and I firmly believe that this is due to Braemore’s expertise and flair in producing award winning developments. Few commercial properties of this scale offer the technological and IT solutions available at Ashbourne House and because the design, specification and attention to detail are second to none, it’s not surprising that interest in this period building has been high.’

He adds, ‘we spent a good deal of time with CBI making sure that we understood their exact needs and business requirements and when Braemore approached us with their unique offices at Ashbourne House, we instantly knew we had a perfect match.’

Ashbourne House is four-storey Regency building that has been sensitively restored to its former glory. High quality office accommodation combines period style with modern efficiency to create stunning open plan working environments. Each suite benefits from comfort cooling, keyless access, raised floors with pre-installed cabling, LG7 lighting as well as a bespoke fitted kitchen with granite work surfaces and secure gated car parking.

Oliver Wheatcroft of Braemore adds, ‘We purchased Ashbourne House in 2006. Although the property had been disused since 1998 we felt that both the area and the building had all the ingredients to satisfy a high quality office demand. A great deal of time and imagination has gone into retaining the integrity of the building. Many of the original features have been restored to their former splendor while concessions have been made to meet the needs of today’s modern office like double glazing, security shutters and comfort cooling. Because we decided to keep one of the floors as our head office in the UK, it was essential that the interior design and finish mirrored the level of style and quality of finish our clients expect to receive when buying into one of our boutique hotels or residential developments overseas.’

Paul Southby, Regional Director for CBI, comments, ‘We are delighted to have completed this lease so quickly. FHP has been very supportive during our search for a new office in Nottingham and together, we undertook numerous viewings in and around the city centre. On our first visit to Ashbourne House we knew we had found the right location for our expanding regional business. We currently employ three members of staff in Nottingham and the floor plate within the building not only allows us to hold private meetings but also provides the right kind of space for business seminars and visiting CBI members. The interior design and specification is unrivalled throughout the other small office schemes we have seen in Nottingham and now that we’ve moved in, I can’t wait to get our regional office up and running.’

Two of the floors at Ashbourne House are now successfully let, with a third secured by the fast growing restaurant operator Le Bistrot Pierre. The remaining unit available (1,225ft²) benefits from floor to ceiling glazing, private access and its own external garden terrace.

For more information or to arrange a viewing, please contact James Hartley at Fisher Hargreaves Proctor on 0115 950 7577 or their joint agent, Innes England.

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