25,000 square feet of workspace will be added by an engineering firm in Salford, which will mean they have doubled their amount of office space. It also means they have added 25 percent to their manufacturing capacity.
According to a report released by thebusinessdesk.com ENER-G, the renewable energy specialists, are looking to spend approximately £2 million on extending their office space and are hoping to have new space opened by the end of the year.
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Contracts have been signed on a site in Devon by Cheshire based developer Eatonfield for 56,000 square feet of office space.
The 17 separate buildings were used previously as facilities for technology manufacture. The site has 24-acres with 184,000 square feet in total and was previously owned by the Modus Property Group who last year went into administration.
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Lonon was the only city in the UK to record a positive rental growth in the last quarter and areas such as Birmingham have remained stable by showing no change in growth. This is according to a report written by CB Richard Ellis, who showed that Edinburgh, Manchester and Glasgow also showed no increase.
Birmingham and Manchester are currently offering the lowest price for industrial property rents at £5.50 per square foot according to the report. At the opposite end of the spectrum, Heathrow in London is the most expensive with its rents being over double at £12.50 per square foot.
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King Sturge acting for Miller Birch developments, has brokered a pre-let of Nottingham office space to E.ON. The power and gas company has provisionally taken up 150,000 square feet of office space at the new property.
The former site of Nottingham City Council Treasury Building will be the location of the new property. It was vacated in the summer last year in favour of Loxley House HQ and this led to it being bought up by King Sturge.
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The Pie Factory has become a hot spot for local businesses, thought it was initially built as a temporary office space along the MediaCityUK development.
It was built cheaply to accommodate production facilities, which was formerly a food production outlet. The Pie Factory is almost at full capacity with 25 of the 27 unites already been let out.
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The former supermarket that is now owned by the Co-Op has left its headquarters in Bristol and taken 900 of its staff to offices based in Manchester.
Property consultants, Alder King have been given the task of marketing the office space that is known as the biggest on offer from a single building in Bristol.
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Transport for London’s efficiency savings programme received a boost when it was announced that it was not going to take up the options of a pre-let it with the Shard. This decision was made after they had reviewed other options within the market.
Joint venture between Sellar Group and the State of Qatarm known as London Bridge Quarter has bought an agreement for 200,000 square feet of office space at the Shard via TfL.
Charles Stafford, the director of group property and facilites at TfL, said about the deal, “This is an excellent deal for TfL and London, and has secured a multi-million cash premium which will contribute towards our established £5 billion efficiency programme to cuts costs and secure investment in London’s transport network.
TfL secured a great deal for its lease agreement in the Shard in 2006. Since then rental rates have risen considerably and the deal we have negotiated with London Bridge Quarter reflects this.”
The Shard developers, Sellar property have now also submitted plans to also build three small towers that have been nicknamed ‘The Shardettes’. These will provide a hotel, shops, a cinema and 600,000 square feet of premium space.
Warehouse and former office space that was formerly occupied by retail clothing chain Ethel Austin has now gone on the market. The firm that announced it was going into administration back in February now sees its former head office being sold for the region of £7.5 million.
Mason Owen and CB Richard Ellis have now been instructed to find buyers for the site, it is reported that they are seeking parties interested in buying the whole site’s 426,305 square feet. The alternative had been thought that separate units of around 100,000 square feet would have attracted more interest, but that hasn’t been ruled out as a solution yet.
It was occupied by the now failed Ethel Austin head office for 30 years, and it is being offered with the possibility of being expandable for its new owners.
Mason Owen’s head of business premises, Andrew Owen, said about the property, “We are delighted to have been invited to market such a major building on an important site. It is a fantastic instruction for Mason Owen, an particularly the business premises team.
Mason Owen’s business premises team has the specialised expertise and experience to take this property to market, and we are confident that this instruction will generate great interest within Merseyside and beyond.”
The government organisation Highways Agency who is responsible for monitoring the UK’s roads, has signed up for almost half of the Cube’s office space in Birmingham.
The Cube hasn’t been far away from controversy since its inception, it has suffered setbacks such as disputes with contractors.
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A Building firm based in Trafford, Russels Construction has got building work under way for new office space in Bury, it is expected to cost around £1.9 million.
This new construction will have 19,500 square feet of office space and laboratory facilities, there will also be 92,000 square feet of Grade A Accommodation.
Andrew Russel the Managing director of Russels Construction, said of the project, “I’m delighted Property Alliance has secured its first tenant for The Green and, as their preferred construction partner, we have been able to commence work on this project. This is part of a major programme of investment in Bury town centre and is a welcome sign that the commercial property market is starting to move again.
Until recently many schemes have involved refurbishment and renovation rather than new build, but the development of The Green demonstrates there is an appetite for high quality commercial property in good business locations.”
No other space has been added yet but with quality accommodation in Bury being near to Manchester, it is expected to fill quickly. Work is expected to be completed by the end of the year on the development for Property Alliance Group.
