Birchwood Park celebrates 45% increase in lettings

Bridgewater Place

The manager of Warrington business hub Birchwood Park – Patrizia UK – says more than 70,000sq ft of office space has been let across the facility in the first half of 2017.

This makes a 45% increase in the total office lettings against the same period in 2016.

Some 20 new companies have been welcomed to the park, including the high profile letting of 305 Bridgewater Place to global technology giant Ricoh.

This deal added to the strong roster of international businesses that have joined the park in the last 12 months, including Werfen, Müller and FOSS.

Meanwhile the park has continued to attract nuclear organisations, boosted by the launch of the Cheshire Science Corridor Enterprise Zone in 2016. Cavendish Nuclear is the latest occupier to join under Enterprise Zone status, securing the entire 47,149 sq ft space at recently refurbished 106 Dalton Avenue.

Martin O’Rourke, commercial director at Birchwood Park, said: “2016 was an extremely successful year for Birchwood Park which saw us let nearly 115,000 sq ft of space, and I am pleased to say this has continued into 2017.

“Despite market uncertainties we have continued to see a high level of demand from businesses looking to set up a new base in the North West, ranging from start-ups and SMEs, to global corporates. What has been particularly interesting since June 2016 has been the interest from international companies looking to locate onto Birchwood Park.”

The park now has a total occupancy rate of 94% with an impressive £1.6m rent secured in the first half of the year.

O’Rourke continued: “With strong interest for our remaining spaces we’re confident we can build on this success in the remainder of the year. Birchwood Park offers a unique proposition for occupiers with its distinct community environment and flexible approach to leasing, and this continues to prove a real draw for businesses.

“With 700,000sq ft of development land with outline planning consent on the park, there is also huge potential here for businesses looking for bespoke office or warehouse space.”

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