Church View, the site of a former Doncaster art college has been converted into studios, office space and other facilities in a development that is expected to cost around £8 million.
The scheme can now get underway as the local council has given there permission for it to go ahead, they believe that moves like this will help to rejuvenate the area and help to attract graduates to stay in Doncaster, rather than leave for University and stay in other areas.
Head of enterprise at Doncaster Central Development Trust, John Wright, said,“We believe Church View will become a centre point for the community in Doncaster. We hope it will attract back graduates who have left the town as well as local entrepreneurs who want a credible, creative setting in which to develop their business ideas.”
He added, “As a not-for-profit organisation, we are wholeheartedly committed to using Church View for the good of the community. We want it to be a really stimulating place and a building local people are justifiably proud of.”
In an announcement this week, The industrial & Commercial Bank of China confirmed that they will be moving into office space in London. it is expected the move will be completed next year.
The building has been purchased in the EC4 area and will provide the bank with 40,000 sq ft of office space.
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.
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.
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.
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.
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.
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.
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.