Office Space Activity Proves It’s Not So Grim Up NorthMarch 14th, 2013 | by MikeS
When it comes to moving and shaking in the office space market, as well as the wider business community as a whole, it’s often London that gets the lion’s share of attention. But thanks to a recent spate of developments, approvals and lettings in other UK cities, it just goes to show that things aren’t necessarily quite so grim up north.
In Liverpool, crowned European Capital of Culture in 2008, there’s plenty of development going on along the city’s historic waterfront. Peel’s multi-million pound refurbishment of Birkenhead Docks is continuing at pace, and is inspiring additional development opportunities too – such as the so-called Wirral Beacon. This is a proposed 100m tower positioned on Wirral Waters that would be designed to attract more visitors across the water from Liverpool.
Away from the waterfront, the former Littlewoods Pools headquarters in Liverpool is set to be transformed into a £4m state of the art business centre, if plans are brought to fruition. The art-deco site is already set to undergo a vast £19m transformation, and this additional leg of the development could see a range of office suites created for micro-businesses and SMEs with growth on the agenda. If plans are accepted, the work could start this Summer.
Other regional cities are also seeing plenty of activity in the property development stakes.
Following a bumper year that delivered the best level of office space lettings since the recession five years ago – spurring a growth of 10% in pre-tax profits – conventional and serviced office space provider Bruntwood is planning a number of developments in regional cities this year.
The company is planning four hotel schemes in three cities, the redevelopment of three office buildings in Manchester city centre (Overseas House, Elliott House and Bank Chambers), along with the continuation of works at Centre City in Birmingham and City House in Leeds.
On the subject of Leeds, the city’s iconic Tower Works building – which was recently redeveloped as part of the acclaimed Holbeck Urban Village regeneration – has reached 80% capacity following a spate of new lettings. A number of new creative businesses have signed up to office space at the Leeds site, which was launched in July 2012.
If you’re interested in flexible office space north of the divide, find out more about office space in Leeds, Manchester, Liverpool or any other UK city online at NeedOfficeSpace.com.