A joint venture (JV) between Chancerygate and Bridges Fund Management has fully-let its 220,274 sq ft Beeston Business Park in Nottingham.
The 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.
Following an extensive refurbishment, and the letting of 26,800 sq ft to web giant Go Daddy last summer, all the remaining 34,500 sq ft of vacant space at Waterfront House has been let to housing association Metropolitan Thames Valley Housing on a 20-year lease in a deal agreed earlier this year.
Beeston Business Park’s industrial buildings are occupied by accident and repair manufacturer AW Repair Group and electronics manufacturer SMS.
Located four miles south west of Nottingham city centre, the development provides fast access to both the M1 and A52. It is also adjacent to Beeston train station, which offers a direct connection to London St Pancras International.
Chancerygate’s head of asset management, Rory Finnan, said: “Metropolitan Thames Valley Housing’s letting at Waterfront House is one of the largest in Nottingham over the past three years which is testament to the quality of both the office space and the advantages the location offers.
“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 for our JV 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.”
Beeston Business Park is adjacent to a new 18-unit industrial and trade counter development called Trent Gateway, owned by a joint venture between Chancerygate and international real estate firm Hines. The site totals 155,268 sq ft and comprises units to let and for sale ranging in size from 2,644 sq ft to 36,339 sq ft.
Innes England and FHP are joint letting agents for both Beeston Business Park and Trent Gateway.