Highcross’ Kembrey Business Park accounted for more than 40 per cent of the out-of-town office space take-up in Swindon last year, with 70,000 sq ft let in eight transactions.
The park’s dominant position in the out-of-town office market in 2010, reflects the letting of 58,400 sq ft of office space to Motorola at the Trilogy building on a ten-year lease.
A further five new companies were attracted to the park during the year, including retail services group, Kleerex, which took 2,889 sq ft at Cherry Orchard East. Vivat Direct, which trades as Reader’s Digest, moved into 3,000 sq ft at Cherry Orchard North.
Telemarketing/marketing agency, Fresh Integrated Marketing and Close Motor Finance were also new to the park last year, taking 1,540 sq ft and 1,393 sq ft suites. Other lettings included expansion space for existing occupiers, GPSL and e2E.
According to recent figures released by Keningtons, total office take-up in Swindon was 222,173 sq ft, a 71 per cent increase on 2009. Out-of-town office space accounted for 160,982 sq ft of the total.
Highcross director, Nick Turner, said the figures underlined the Park’s continuing appeal to businesses: “The letting to Motorola was clearly a highlight of 2010, but we are also very pleased with the range of other lettings achieved at the park. Kembrey’s strength is its supply of a wide variety of flexible, high quality space from 400 sq ft suites right up to 70,000 sq ft headquarters buildings.”
In addition to the new space let at the park, Highcross also agreed a total of 10,000 sq ft in lease renewals to existing occupiers.
Jeremy Sutton of Keningtons adds: “Highcross’ success at Kembrey Park reflects their flexible approach and willingness to do deals. We are now looking to build on last year’s achievements, and with more than 7,000 sq ft of space already under offer since the beginning of the year, we are optimistic about another strong performance in 2011.”
Kembrey is a well-established business park offering high quality office, warehouse and light industrial space in a mature landscaped setting. Facilities include 24-hour security, on-site management, meeting facilities and ample parking. A hotel, restaurant and health/fitness club are also located at the park.
Keningtons are joint agents at Kembrey Park with Loveday and Loveday.
