Muse developments have been awarded a contract with Basingstoke and Dean Borough Council to build prime office space in the city centre.
A company will work with a Hampshire council to develop the Basing View business park that will add further prime office space to the area.
Manchester-based commercial development company Muse Developments has been named as Basingstoke and Deane Borough Council’s official partner for a £200 million regeneration project, which will see the creation of a new hotel and prime office space in Basingstoke.
The developers who hope this will establish the city as a 21st century business destination, are extending the range of facilities available on the pre-existing sixty five acre Basing View business park, located in the centre of the city.
Property management company GVA’s research shows only minor improvements in the office space market.
As figures for 2011 only slightly improve, it potentially points to a bleak future for the 2012 office space market, reports by GVA have shown.
According to a recent report by property management company GVA, the occupier market for regional office space in the UK has improved each quarter this year following a less than ideal start.
The property management company’s ‘Big Nine’ list includes Birmingham, Bristol, Cardiff, Glasgow, Manchester, Leeds, Edinburgh, Newcastle and Liverpool; all of whom recorded the highest quarterly take-ups this year. City and out-of-town office space totalled 1,940,000 square foot in quarter three, a figure that is 22 per cent above the quarterly average.
Businesses in Manchester are using less serviced office space than in previous years.
Research by officebroker.com revealed nearly a 50 per cent drop in the amount of serviced office space uptake in Manchester.
Companies in Manchester are opting to reduce office space in an an attempt to slash costs, according to a report by officebroker.com
The company found there had been a 46 per cent decrease in the amount of serviced office space taken in the first nine months of the year, despite the number of firms taking up serviced office space remaining the same.
Furniture giant Ikea has spent £25 million on a 26 acre plot of land in East London.
The Scandinavian company plan to construct 48,000 sq ft of office space next to the Olympic Stadium.
The Scandanavian furniture company Ikea has spent £25 million on its first British property development in East London. As part of the multi-million pound deal, the firm will acquire a 26 acre site in Stratford upon which it plans to build a “flat pack city”.
The Strand East project will contain 48,000 sq ft of office space, 1,200 homes, a 350 bed hotel, additional retail space and an usual floating cocktail bar in a prime London location close to the Olympic Stadium. Although planning application doesn’t have to be submitted until 2012, Ikea claim the new development will be similar to a “mini Venice” due to its close proximity to a canal. (more…)
Research by the Manchester Office Agent’s Forum has shown that office space take up in Manchester has fallen in the third quarter.
Rent prices in Manchester have rose greatly despite the decrease in the number of commercial properties being rented.
Office space being taken up in the city of Manchester is down by 40 per cent from last year’s third quarter figures, a report from the Office Agent’s forum has shown.
The news comes despite the lease of 11, 757 square feet of prime office space to hotel provider Late Rooms.com at the city’s landmark Peninsula building. The year has also seen the sale of 26,999 square feet of office space at 1 Norfolk Street to to the Iraqi Consulate.
Technology giant Accenture is moving from its current location in Newcastle-upon-Tyne to a larger premises in the city.
Accenture is to move from its current location in a converted hospital building in Newcastle-upon-Tyne to a larger base, after creating more than 50 jobs in the last year.
The world’s biggest global management, technology consulting and technology outsourcing firm Accenture, which last year turned over $25.5bn is to move from its current based to a large office space in the Jesmond distract of the city. Accenture opened its current operation 15 years ago to handle part of the UK technology consultancy service business, it originally focused on business in the North of England and it now employs 205 staff, having taken on nearly 70 staff in the past year alone.
After a Summer slump businesses are renting again in Manchester.
Figures revealed suggest that although take-up is still slow, companies are leasing in the area.
Manchester’s city centre office market is back in business after a summer lull, new figures this week have revealed.
New evidence and figures have suggested that the city’s professionals and companies are back in the market for new office suites.
A Salford site wins building building of the year at a ceremony held at the Hilton Hotel, Manchester.
The newly erected MediaCityUK site in Salford has been announced as this year’s winner of the Greater Manchester Chamber of Commerce building of the year award.
The 200 acre MediaCityUK situated at Salford Quays held off strong competition from the Greater Manchester Police North Manchester Divisional Headquarters in Newton Heath, the newly restored Ordsall Hall in Salford and Manchester Metropolitan University Business School and Student Hub building.
The winner was announced by Sir Howard Bernstein at the Chamber’s property and construction dinner held last Friday night at the Hilton Hotel in Manchester city centre.
Construction services firm Carillion has won the contract to develop a key office venture in St Peter’s Square Manchester
The project will be completed by 2014 and will be a key office development in Manchester city centre.
Wolverhampton-based Carillion construction has been appointed to begin development of a 281,000 square foot landmark Manchester city centre office block at One St Peter’s Square, which will be completed by 2014.
A Wiltshire Building will be the fourth office building at Turnpike Park.
IT services company Bechtle Direct has agreed to a ten-year lease on Turnpike House, a two-storey, Grade A office building offering 8,200 square feet of floor space.
Turnpike House will be the new energy-efficient commercial property from Bechtle Direct. described by agents Alder King as being the ‘greenest building of Chippenham’.
The modern 3.2-acre site is located in Chippenham and is three miles from J17, M4, current tenants include Herman Miller and Wincanton Logistics.