Business campus secures largest letting yet
Gloucestershire business campus Grange Park has achieved its biggest letting deal yet, with insurance business Polo Works signing up for 14,000 sq ft.
The commercial insurance service provider will base 300 staff on the first floor of Grange Park’s biggest building The Grange.
Since Covid the company has operated flexible working and will have 158 desks at The Grange for its teams to use.
The Polo business was acquired by Marco Capital in May 2022 and its services include underwriting support, management accounting, claims management, compliance and regulatory and workflow management.
Chief executive officer Richard Lawson said: “We are very pleased to be basing our staff at Grange Park. We like the ‘people first’ ethic of the campus, which mirrors how we feel about our colleagues, and the progressive vision of its redesign.
“Grange Park provides a modern working environment in a prestigious building in an excellent location and offers great value to us as a business.”
Grange Park, a green 14-acre mixed use campus on the A435 at Bishop’s Cleeve, is part way through a multi-million pound transformation focused initially on the interiors of The Grange, the former Zurich Insurance HQ building.
The 185,000 sq ft office building is getting a redesigned reception, common areas and glazed atrium above a green boulevard – ‘The Street’ – with island planters plus new lighting, flooring and toilets.
It was announced in January that some of the refurbished first floor space will be occupied by global testing, inspection and certification group Kiwa. Its team has moved into temporary offices on the ground floor and will relocate to a larger first floor suite in the summer.
Spring 4 represented Polo Works in negotiations with Grange Park’s joint lettings agents.
Richard Crabb, from THP, said: “Getting this deal away is really good news, it means we only have 25% of Phase 1 units remaining and we are turning our attention to Phase 2 which will deliver a further 30,000 sq ft.”
Ian Wills, from JLL, added: “On the back of this success we are in discussion with other potential occupiers, including those from the cyber sector.”
