News - 15 April 2020

Huge business deal struck to see Beeston Business Park reach full capacity

One of the largest office deals in recent years in Nottingham has been completed at Beeston Business Park.

Metropolitan Thames Valley Housing has taken the remaining 34,500 sq ft at Waterfront House at the site on a 20-year lease, which means that Chancerygate and Bridges Fund Management has fully-let the 220,274 sq ft scheme.

The business park comprises Waterfront House, a 91,895 sq ft multi-let Grade A office building, three industrial units totalling 128,379 sq ft and a 0.71-acre development plot.

Nottingham and Derby Enterprise Zone

Located close to its sister Enterprise Zone site at Alliance Boots, the Beeston Business Park makes up part of the Nottingham and Derby Enterprise Zone.

The Nottingham and Derby Enterprise Zone offers a range of opportunities for growing businesses and is spread across four sites with three in Nottingham and one in Derby.

Enterprise Zones are designated areas across England that provide tax breaks and Government support. They are great places to do business, especially for both new and expanding firms.

Businesses already located at the Beeston Business Park include Siemens, SMS Technologies, Go Daddy, and ATOS, making it a strong location for ICT and technology led-businesses.

Chancerygate’s head of asset management, Rory Finnan, said: “We are very proud of what has been achieved at Beeston Business Park, and this is reflected by the high calibre of occupiers we have attracted and retained on the site.”

“The transformation of Beeston Business Park from a tired and empty place into a thriving mixed-use site ably demonstrates the asset, development and project management skills of the Chancerygate team and the vision of our joint venture partner, Bridges Fund Management.”

Simon Ringer, head of property funds at Bridges, added: “Beeston Business Park has been a great success and an important regeneration project within the Nottingham Enterprise Zone.

“All our occupiers recognise the excellence of the development as an inspiring space to work and ultimately create further employment opportunities.”

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