Jobs created as Warrington office development gets council approval

A new office development in Warrington has been given the green light to start work on construction.

Capital and Provincial Ltd. provided an application for the four-storey office building on Garrett Field in Birchwood which has subsequently be approved by local councillors.

Not always on the path to success, plans for the development were blighted by setbacks and an outright refusal in January of this year.

The council had expressed concerns over the lack of parking proposed for the new build, but the advantages in favour of the project have outnumbered the drawbacks. Ultimately, the scheme will bring a boost of 400 extra jobs to the area despite only 150 parking spaces planned to serve the offices.

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King Sturge appointed to market Rising Bridge office village

King Sturge have been named as the chosen company to market the Rising Bridge Business and Enterprise Village in Lancashire.

The new office development campus will be under the guidance of property services giant King Sturge, who will work in collaboration with Petty Chartered Surveyors to ensure the build secures lucrative tenancies. Units will be offered for sale or lease with tenants able to move into the village on completion in summer 2010.

Rising Bridge is a £7 million project designed by ROK Limited and Lancashire Borough Council to create office blocks which will attract companies and stimulate the economy in the Rossendale area.

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Mayfair offices bought for £30.2 million

Lancashire County Pension Fund have invested £30.2 million on securing offices in London’s luxurious Mayfair area at 10 Brook Street. The deal delivered a net initial yield of 5.1%.

10 Brook Street is located on the north side of the street between New Bond Street and Hanover Square in the attractive W1 postcode. It is serviced by two nearby underground transport links, being in walking distance of Oxford Circus and Bond Street.

IVG have sold the building spanning 19,000 sq ft of office space for a capital value of £1,700 per sq ft.

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Avanta completes major refurbishment of former MLS centre in Mayfair

Avanta Managed Offices has completed a full upgrade of the former MLS serviced office centre at 26 Dover Street at a cost of over £430,000, to bring it up to the standard befitting a Mayfair location.

Avanta’s managing director, David Alberto, comments, “This centre is in a prime location and so we are delighted to be able to add it to our ever-expanding portfolio of business centres in our core London market.”

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Five star serviced office space opens in the heart of Knightsbridge

A new five star serviced office centre, operated by MWB Business Exchange, has opened for business in the heart of Knightsbridge on the site of the famous old Basil Street Hotel – the venue of Jilly Cooper’s wedding reception and the woman-only Parrot private members club.

Having undergone a complete refurbishment, the office combines the best of the former luxury hotel’s Edwardian features while adding ultra modern building services, telecommunications infrastructure and office equipment to provide flexible boutique-style office space for over 300 businesspeople.

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Manchester council bails out Spinningfields

Manchester’s answer to the Canary Wharf business district is getting a £15 million cash injection from the city council in the hope of kick-starting the development.

Spinningfields is due to get a helping hand out of the recession with a lease deal securing the council freehold interest in two remaining office sites. 1 and 2 Hardman Square and 2 and 3 Hardman Boulevard will be under the control of the council who will lease them back to the developer.

As a result of this, Allied London would accrue funding to build 580,000 sq ft of office space, pushing the next stage of development forward.

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New Ealingcross development secures first tenancy

The first tenant has taken the plunge and signed the lease on a speculative office development in Uxbridge.

A2 Dominion housing association have signed for 17,213 sq ft of space on a ten year lease at a rental rate of £29 per sq ft of office space.

Construction began on the glass-fronted property at 85 Uxbridge Road in Ealing on 5th November 2007. The ambitious project is being overseen by Standard Life Investment Funds Limited and was generated to create 134,000 sq ft of Grade A desk space for the area.

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Victory for Bupa in Brighton’s Trafalgar Place

Bupa International are staying loyal to their Brighton workforce by agreeing a 15 year lease with a 10 year break in one of Brighton’s premier commercial properties.

News has broken that the health care provider will occupy 45,000 sq ft of desk space at Victory House in Trafalgar Place as a result of the new tenancy.

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