GVA to market Warrington business park

Posted on by John Cronin

Property surveyors and agents GVA have been appointed joint marketing agents at the Lingley Mere Business Park in Warrington.

lingley mere parkActing alongside Manchester-based chartered surveyors Edwards & Co, GVA will look to secure new tenants for the business park (pictured – source). Lingley Mere currently offers 380,000 sq ft of office accommodation set in 100 acres of parkland.

The scheme is a joint venture between United Utilities and developers Muse Developments. The park has outline planning consent for a further 400,000 sq ft of office space, a hotel and distribution units. Planning permission has been achieved for a fifth office unit totalling 18,500 sq ft to complete the Clearwater phase. The existing four units have been let and sold.

Construction started on the speculative scheme in 2006 and the business park now provides accommodation to some 3,500 staff. The scheme is scheduled to be completed by 2021. The next development phase, known as Constance, is to be built adjacent to the new NW Regional Fire Control Centre and will comprise four office buildings. Additionally, a new 55,000 sq ft Grade A office building was completed in 2009 and is now fully occupied and sold.

Out of the three phases of completed development, one phase has achieved a BREEAM rating of ‘Excellent’ and the other two have achieved ratings of ‘Very Good’.

Building 2, Clearwater, a two-storey office block offering approximately 9,000 sq ft of floor space was sold for £1.75m in 2008. The building is let to MWH UK Limited by way of a 10-year lease for a rental price equating to £17.30 per sq ft.

Chris Cheap, Director at GVA, commented: “Lingley Mere is one of the North West’s premier business parks, which has built up a strong track record for delivering first-class office product that’s set against the backdrop of an outstanding working environment.

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