Purchase of Warrington office block will lead to upgrade for tenants

Developer Bridge Properties is continuing to grow its investment portfolio with the acquisition of Dominion House in Birchwood, Warrington, for an undisclosed sum.

The plans for Dominion House aim to replicate the success achieved at Eden Point in Cheadle, where Manchester-based Bridge acquired the prominent office building which fronts onto the A34 and transformed it into a high quality working environment.

Last year the scheme secured five new lettings alone, which now leaves just over 3,000 sq ft vacant.

Design consultancy Incognito has been retained to design the fit out of Dominion House which comprises circa 41,000 sq ft over three floors and will be available to let later this year in suites from 3,500 sq ft upwards.

Mark, Canning, director at Canning O’Neill, who advised Bridge on the acquisition of Dominion House, said: “There is a lack of high quality, inspirational office accommodation available to let in the Birchwood area and Bridge intends to take the Eden Point concept one step further by adding roof terraces and a bar, in addition to top quality café, outside break out space and hotel quality common areas.”

This acquisition comes after Bridge successfully sold Canute Court in Knutsford to Carter Gem in February, having re-geared the occupational lease with the tenant TT Games, a subsidiary of Warner Brothers. Bridge originally acquired the building in May 2019.

Paul McCann, from Bridge Properties, said: “As occupiers are now returning to their offices, the general consensus is that occupiers are looking for higher quality space than before the pandemic. Eden Point has become an excellent blueprint for this type of office model, and we look forward to replicating this at Dominion”

Canning O’Neill has been retained as letting agent on Dominion. Canning O’Neill and Williams Sillitoe are the retained joint letting agents for Eden Point.

Carrick Real estate and Savills acted on the sale of Canute Court.

JLL and Savills were joint agents acting for Aegon Asset Management on the sale of Dominion House.