Property round-up: Funding Corporation re-signs in Chester; Hertel moves to Preston Brook; and more
THE Funding Corporation has signed a new 10-year lease on its 14,000 sq ft office in International House at Chester Business Park.
The motor vehicle finance specialist occupies the entire first floor of the building, plus part of the ground floor.
The company initially sub-let International House from Scottish Power Manweb, which occupied the entire building from 2006. Its new lease is directly with landlord Prospect.
International House serves as the headquarters of The Funding Corporation and the group’s subsidiary companies.
The Funding Corporation operates its headquarters from the building, including a national call centre, administration departments, training suites and management offices.
David Challinor, managing director of The Funding Corporation, said: “International House is ideally suited to a multi-faceted organisation such as ours, and has adapted easily to our changing requirements over the past six years, during which the company has experienced record growth in the non-prime lending sector.
“The building is a prestigious presence at Chester Business Park, and is often commented favourably upon by visitors. As a working environment, it combines the virtues of spaciousness with plenty of natural light and a modern ambience, all of which create excellent conditions for our staff.”
International House contains a total of 25,900 sq ft of office space. Suites from 5,575 sq ft to 11,754 sq ft are available on the soon-to-be refurbished 12,034 sq ft ground floor.
Prospect was represented in the deal by sole letting agent Legat Owen.
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CONSTRUCTION services company Hertel has moved its North West office to the Abbots Park development at Preston Brook, near Runcorn.
The Dutch-owned company, which has its UK headquarters in Middlesbrough, employs 40 people in the North West. It works in the oil & gas, power and process industries providing services including scaffolding, insulation, painting, asbestos removal, mechanical and civils.
It first opened in the North West 25 years ago in St Helens when it started providing maintenance at the Stanlow refinery. It still works at Stanlow and at petrochemical plants at Rocksavage in Runcorn and Carrington, near Manchester.
David Fitzsimons, Hertel UK and Ireland managing director, said: “The office provides support to our teams on the sites and the location at Preston Brook is ideal as it provides easy motorway access to all parts of the country.”
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BILSDALE Properties has announced two more lettings at its The Parks office development in Haydock which adjoins Junction 23 of the M6.
Barhale Construction has taken 2,000 sq ft and The Phirst Group has signed up for 3,500 sq ft, joining existing occupiers including Speedy Hire, Halsalls Solicitors and Pugh Auctions.
Richard Wharton of Jones Lang LaSalle, who advised Bilsdale Properties, said: “These latest transactions were completed at The Parks amidst strong competition from competing schemes.
“Following these latest lettings we now have just two offices available providing accommodation from 1,200 sq ft to 4,600 sq ft.”
Bailey Deakin Hamilton acted jointly with Jones Lang LaSalle.
