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Business Parks Deals
Planning News
Cardiff Tewkesbury
On behalf of Propco Developments Ltd, DTZ Gladman Developments has disposed of
St Austell
and Lambert Smith Hampton have let Unit 4, more than 10,000 sq ft of high specification The scarcity of modern office
Waterside Business Park in Cardiff to The office space at Miller Court, its £13m accommodation in St Austell is set to be
Cinnamon Tree for £13,200 pa on a 10-year 76,000 sq ft speculative office development alleviated with the completion of a 9,700
lease. on Tewkesbury Business Park. sq ft scheme that also marks the final
The modern end of terrace industrial unit United Business Centres plc (UBC) has element of the town's Urban Village project.
within securely fenced estate comprises taken unit 15, a 10,070 sq ft stand alone The scheme, known as Cannis House,
1,358 sq ft. office building, to provide serviced office has been brought forward by regeneration
accommodation, in a joint venture with specialist Priority Sites and comprises a
Newport
Gladman Developments. Grade A office building that can be divided
The new business centre is expected to into four separate office suites.
South Wales based Rombourne Ltd will
open in August 2008. Priority Sites has worked with the
provide a home for the latest business
At Miller court office suites from South West of England Regional
expansion soon to be opened in Newport by
1,035 sq ft to 10,070 sq ft are available for Development Agency (SWRDA),
Admiral Group plc.
lease, at a quoting rent of £12 psf. Joint Restormel Borough Council, Devon and
Admiral, the only Welsh-based business
agents are Alder King's Gloucester office. Cornwall Housing Association and the
in the FTSE 100, is strengthening its position
Princes Foundation to deliver the office
in Wales by opening its third site – at
element of the Urban Village on the former
Rombourne's Langstone Business Park, Pontypridd
railway yard in St Austell.
Newport. The two companies have completed
On behalf of Charnwood Business Parks Already Priority Sites is reporting a
a 16 year lease on the brand new,
Ltd, DTZ has let the first floor of 6 Charnwood strong level of enquiries for the £2m
30,000 sq ft Guinevere House. The new
Court in Parc Nantgarw to Binary Financial scheme, which is available to lease or
operation will be opened in September.
Services for £46,448 pa. purchase as a whole unit or by individual
Rombourne have invested £10m of
The 2,815 sq ft floor has been let for a office suite. The accommodation
speculative funding into developing the
term of 10 years. comprises 2,015 sq ft of space on the
business park without the need for any
ground floor, 4,207 sq ft on the first storey,
financial support from the public purse. The
and a further 3,163 sq ft on the top floor.
company will continue to develop new
Blackwood
buildings on site and is currently working on Unit C, Blackwood Business Park, Newport
a 12,500 sq ft building which is due to be Road in Blackwood has been let on a 10 year
ready for occupation by the end of this year. fri lease for £46,500 pa to Architectural Steel
When complete the business park will Services Ltd by Northfleet Property Holdings.
provide 85,000 sq ft of Grade A office Cooke & Arkwright and DTZ acted for the
accommodation suitable for up to 1,200 jobs. landlord of the 15,500 sq ft industrial unit.
Leisure Deals
Weston-super-Mare
Acting on behalf of James Moncrieff and Kim
Beasley, the Bristol office of Christie & Co
has sold their seafront hotel in Weston-super- Bristol
Mare.
Terrace Hill Group plc has submitted plans
The Monaco Hotel occupies a prominent
to Bristol City Council for the extensive
position on the seafront in Knightstone Road.
redevelopment of Bristol Bridge House
A sizeable three-storey Victorian mid-terrace
(pictured above) on Redcliff Street.
building the hotel comprises a reception hall,
The plans to redevelop and update
a bar with seating for 30, a 36-cover dining
the existing city centre office building,
area, 18 letting bedrooms and a decked front
which overlooks The Floating Harbour,
sun terrace. There is owner's accommodation
include the extension of the building from
at the rear and potential to expand and
Cowley Bridge Inn, Exeter
3,530 sq m (38,000 sq ft) to 4,924 sq m
develop the existing kitchen.
(53,000 sq ft).
Monaco Hotel was sold for an undisclosed
Exeter The revised proposal reconfigures the
sum from an asking price of £649,950 for the
core structure and relocates the reception
freehold interest.
Acting on behalf of Heavitree Brewery plc,
Christie + Co, has sold the freehold interest
area to provide a more central focus and
in the Cowley Bridge Inn in Exeter to David
greater street presence. The aesthetics
Jim.
of the floating harbour elevation will,
The detached, three-storey property
however, remain protected, with the
briefly comprises an open plan main bar and
retention of the original structural frame
restaurant, four-bedroom accommodation,
and brickwork.
beer garden and car park.
Terrace Hill is committed to starting
The Cowley Bridge Inn was historically
construction works on site as soon as
operated under tenancy for many years, but
planning consent is achieved and are
was latterly run by a managing agent pending
expected to take around 12 months.
the sale. The new owner, David Jim, is the
The building was purchased by
owner of Tong Fong Ltd.
Terrace Hill from Morley Fund
The Cowley Bridge was sold for an
Management in March 2007 and is
undisclosed figure after Christie + Co sought
expected to achieve prime city centre
Monaco Hotel, Weston-super-Mare
£450,000 for the freehold interest.
rents upon practical completion.
6 Property News August 2008
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