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News digest ; Commercial property review [Bristol Evening Post (England)](Bristol Evening Post (England) Via Acquire Media NewsEdge) ? A NEW dawn for Kingsway in Gloucester has started with commercial properties on the business park finally being marketed. Consultants Bruton Knowles has been appointed with Alder King to market commercial opportunities. About 2,000 Kingsway homes have already been built, as well as a community centre and shops including Asda and Tesco Express. Now Gloucestershire developer Robert Hitchins is pressing ahead with the commercial area of the site. Robert Smith, of Bruton Knowles, said the business park will help to re-energise the expanding Kingsway development and provide hundreds of jobs. "The new Asda store has already created about 230 jobs and brought a brown field site back into economic use, but this is clearly the tip of the iceberg," he said. "The location takes full advantage of the wide range of local amenities and a skilled workforce." He added: "Kingsway Business Park is a sustainable development with excellent connectivity and transportation links for pedestrians, cyclists, road and bus users." ? The elegant Georgian offices known as 70 Prince Street in Bristol's commercial centre have been let to the Independent Business Centre's Limited following a deal brokered by Colliers International. IBC Ltd has taken a lease of 2,277 sq ft at 70 Princes Street on a ten year term. Prominently located close to Bristol's commercial heartland, the self-contained offices are within easy walking distance of city centre amenities such as Broadmead and Cabot Circus as well as a range of bars, restaurants and hotels. Colliers International offices director James Preece commented: "The faster-than-expected recovery is feeding considerable demand for new office space at the smaller end of the market and elegant, well equipped offices such as 70 Princes Street are being snapped up in Bristol. "The serviced office option which will be delivered by IBC Ltd will provide small or start-up companies the chance to base themselves in a beautiful period property just a stone's throw from some of Bristol's most iconic landmarks." ? Property consultants Alder King has let an industrial unit in Portishead to British power tool company CEL UK which required additional capacity for its design and development centre. Previously based on Harbour Road Industrial Estate, the company, which develops, manufactures and markets high quality power tools, garden tools, floor care products and household appliances, had outgrown its premises but wished to remain local. It has now relocated to Unit 3 Harbourmead in Portishead, pictured. "CEL wanted to remain local but discovered that there's a distinct lack of quality industrial space in Portishead," said Emma Smith of Alder King's industrial agency team. "However after viewing this unit, they swiftly agreed terms to secure the premises and we completed the transaction within two months, enabling them to relocate as quickly as possible." The modern end of terrace unit, owned and previously occupied by Novatech, provides 5,041 sq ft of warehouse/trade counter space. ? TWO regional firms have moved into new premises at Ashchurch Business Park, Tewkesbury. According to property consultancy Alder King, which has let the two units, it is another sign of an improving commercial market in the county. Premises at Unit 29 have been let to Battery Megastore, the UK online battery retailer, as its new headquarters. The second building, Unit 30, has been let to BB Fabrications Ltd, an expanding aluminium fabrications business previously based in Ledbury in Herefordshire. Battery Megastore has taken over 11,000 sq feet of office and industrial space on a five-year lease, having relocated from its previous base at Tewkesbury Business Park. The company, which has European branches in Amsterdam, Caen and Barcelona, supplies a wide range of batteries, chargers, inverters and accessories for different applications including cars, trucks, motorbikes, jet skis and caravans. Battery Megastore's commercial sales executive Paul Collins said: "The new building offers larger warehousing and office space, all under one roof, with great access to the M5 and M4. It's a great step forward for us, allowing us to keep expanding our sales in the UK and Europe." BB Fabrications has taken the 5,493 sq ft Unit 30 on a 10-year lease so it can continue to expand and be geographically closer to suppliers and customers. ? Children's day nursery, Happy Days Day Nursery Limited has agreed to take the lease on Barratt House, Almondsbury Business Centre, near Bristol. Happy Days Nurseries has 16 centres located throughout Cornwall and Devon and this is their first acquisition in the Bristol area. It is due to open in the two-storey office building in January 2015, following the completion of the conversion works. The 5,422 sq ft building will accommodate 100 children from the age of 0-5 years and will open 7am to 7pm Monday to Friday. Mark Barden of Caisson Investment Management, managing the site for the owners, The IO Group, said: "We are delighted to welcome Happy Day Nurseries to our Park, it will provide a high quality service for all the office occupiers in the locality as well as for our existing tenants on the park and will be an additional attraction for businesses looking to move to the area." Natalie Bennett of letting agents, Hartnell Taylor Cook LLP added: "We expect Happy Days to be seen as a positive facility for companies looking to move into the estate." ? Plans are progressing for a new Pounds 4 million health centre in Eastville, Bristol, pictured. Two practices, Eastville Medical Practice and Maytrees Practice, are intending to create a new, state- of-the-art medical centre adjacent to their existing premises in East Park. With the land purchase now complete, work can progress to the next phase with Rydon Construction shortly to commence on site. Specialists in the primary care property market, GVA Health in Bristol has been supporting the practices on the funding and the procurement process, and will continue in a project management role throughout development. The two practices will be developing their new centre on land where the former Eastville Day Care Centre once stood. The land has been sold to the GPs by NHS Property Services Limited, the property company formed in 2013 to handle the NHS property estate. Frank Convery, director at GVA Health, said: "This is a time of far- reaching reform for NHS primary care. These new facilities will enable both practices to provide a modern and efficient service to their patients for many years to come." ? THE former lorry park next to the Kingsmeadow roundabout in Cirencester has been sold to Whitbread in a deal brokered by Bruton Knowles on behalf of Cotswold District Council. The 1.5 acre site is to be developed as a 60-bedroom Premier Inn and a Beefeater restaurant. Robert Anthony, of Bruton Knowles' Gloucester office, said the prominent site, next to the A419 and A429, had generated interest from a wide range of leisure, retail, commercial and even residential occupiers. Richard Pearson, acquisition manager for Whitbread Hotels and Restaurants, said: "Regenerating the former lorry park site will create about 50 new jobs in the local area, around half of which will be offered to those who have been long-term unemployed." Plans had been previously drawn up to use the Kingsmeadow site as a depot for waste lorries but they were shelved in favour of a site in South Cerney. (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |