Friday, May 3, 2024

Double office deal at Nottingham business park

Independent property company, Hortons’ Estate Ltd has let two of the final three available properties at a business park in the East Midlands.

Keepmoat Homes has agreed the largest of the two lettings at Interchange 25 Business Park, Bostocks Lane in Nottingham.

The firm has signed a five-year lease on Unit 1, a two-storey standalone office space of 6,094 sq ft and has taken occupancy of the building following completion of an internal fit out.

Unit 2 is a fully refurbished two-storey detached office building of 5,424 sq ft and has been let to global packaging solutions provider, GPA Global on a six-year lease. It is undertaking a fit out prior to moving into the premises.

Shaun Fielding, regional managing director, Keepmoat Homes, said: “We’re excited to have relocated to Interchange 25 and were attracted by the ability to create a great working space for the team, good connectivity to the M1 but within a well maintained and pleasant location.”

Guy Gisborne, chief commercial officer, GPA Global, said: “Interchange 25 is a perfect environment for our UK design and development hub and will be a great place for our clients to work with our team to design beautiful packaging. The hub will also form the HQ for our growing EU sustainability team. We look forward to opening the hub once we have completed our extensive fit out.”

Interchange 25 Business Park is a development of eight self-contained office buildings, located off junction 25 of the M1 motorway.

The last remaining property on the business park is Unit 4A, a recently refurbished 2,700 sq ft office space that is currently under offer.

Jeremy Boothroyd of Hortons’ said: “We are very pleased to welcome two new occupiers to Interchange 25. To have attracted tenants of the calibre of Keepmoat Homes and GPA Global is a testament to the facilities on offer at the estate and its superb location.

“Interchange 25 is a well managed and maintained site that delivers modern office space and designated on site parking, with secured access off Bostocks Lane. The interest that we have received in these properties is a really positive sign for the business park market.”

Interchange 25 is being marketed by Mark Tomlinson of FHP. He said: “We have been working alongside Hortons’ Estate Ltd for some years in undertaking a programme of building refurbishments and new lettings at Interchange 25. These two deals are the latest in a string of new lettings at the site and add to the high quality of established occupiers such as Nurture, Air IT and Arthur McKay.”

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