Major Nottingham office deal completed

One of the largest office deals in recent years in Nottingham has been completed at Beeston Business Park.

Metropolitan Thames Valley Housing has taken the remaining 34,500 sq ft at Waterfront House at the site on a 20-year lease, which means that Chancerygate and Bridges Fund Management has fully-let the 220,274 sq ft scheme.

The park comprises Waterfront House, a 91,895 sq ft multi-let Grade A office building, three industrial units totalling 128,379 sq ft and a 0.71-acre development plot.

Beeston Business Park’s industrial buildings are occupied by accident and repair manufacturer AW Repair Group and electronics manufacturer SMS.

Chancerygate’s head of asset management, Rory Finnan, said: “Metropolitan Thames Valley Housing’s letting at Waterfront House is one of the largest in Nottingham over the past three years which is testament to the quality of both the office space and the advantages the location offers.

“We are very proud of what has been achieved at Beeston Business Park, and this is reflected by the high calibre of occupiers we have attracted and retained on the site.

“The transformation of Beeston Business Park from a tired and empty place into a thriving mixed-use site ably demonstrates the asset, development and project management skills of the Chancerygate team and the vision of our joint venture partner, Bridges Fund Management.”

Simon Ringer, head of property funds at Bridges, added: “Beeston Business Park has been a great success for our JV and an important regeneration project within the Nottingham Enterprise Zone. All our occupiers recognise the excellence of the development as an inspiring space to work and ultimately create further employment opportunities.”

Innes England and FHP are joint letting agents for Beeston Business Park.