Global finance company expands its Warrington presence

Building 1100
X The Business Desk

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Global finance company Greensill Capital UK has committed to another office at Daresbury Park in Warrington as part of its UK business expansion plans.

The provider of working capital finance for business has taken a new lease on 19,600 sq ft at Orbit Development’s Building 1100 Daresbury Park.

Concluded during lockdown, the deal is being described as the largest office transaction to take place in the second quarter of 2020 in the Warrington area office market.

The move extends Greensill’s UK footprint at the prestigious 225-acre business park off junction 11 of the M56 in Warrington, after taking a further 27,000 sq ft in neighbouring 2100 Daresbury Park in January this year.

Founded in 2011, Greensill is based in London with offices in New York, Chicago, Miami, Frankfurt, Bremen and Sydney. It employs more than 800 specialists worldwide and has extended more than $150bn of finance to eight million customers and suppliers in 175 countries since its launch.

Building 1100 Daresbury Park provides a total of 41,733 sq ft of office space over three storeys and is now fully occupied.

It is jointly managed by commercial property agencies BE Group and Cushman Wakefield.

Paul Hubball, director at Orbit Developments, said: “We worked very closely with partners at the BE Group to find the right property solution for the Greensill management team and help extend their presence on this business park.

“We are delighted to welcome them to the building.

“We are also really pleased to have secured a fully let property in challenging times which is testament to everyone’s hard work. Our ‘can do’ attitude has certainly been key to our success here.”

Daresbury Park is home to a number of noteworthy occupiers including ABB, Ivanti, Redrow Homes, and Ombudsman Services and has around 500,000 sq ft of office accommodation.

Head of the commercial agency department at BE Group, director Simon Roddam, said that while the number of transactions was down in the Warrington area office market, there had been a steady run of medium to larger office deals.

He said: “These have pushed the total floor space for the first half of 2020 up to 177,235 sq ft. This is now more aligned to the performance of recent years and paints an encouraging picture.

“It is an out-of-town marketplace which is showing great resilience.”