Offices plan approved for Royal William Yard
Urban Splash, the specialist urban regeneration developers, have announced that they have been granted planning permission to develop a fourth building at Royal William Yard, Plymouth.
The Manchester-based company have been given Listed building consent to convert the New Cooperage building into 20,000 sq ft of office and retail use.
This will be the fourth building to be converted at the £70m Royal William Yard site (pictured). The site is a former naval victualling yard and consists of several, large-scale buildings that are considered to be one of Britain’s most important groups of historic military buildings. Construction work on the New Cooperage building has started immediately.
Urban Splash have again partnered with Totnes based architects Gillespie Yunnie who also designed the now completed Mills Bakery building. The Mills Bakery conversion is a mixed-used scheme offering in excess of 46,000 sq ft of floor space used for both office accommodation and leisure services. Some 32,300 sq ft of office floor space is available over 3 floors, with large and flexible floor plans based around a central atrium. The current occupancy rate is running at approximately 90% with tenants including Hoare Lea, the Ministry of Defence and the University of Plymouth. Quoted rental prices are £10 / sq ft with an additional service charge.
Nathan Cornish, director at Urban Splash commented upon the latest office conversion: “To get planning consent and start on site with a speculative office scheme at New Cooperage in the current climate shows our confidence both in the Plymouth market and in our offer at Royal William Yard.”
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