First tenant for new Worcester offices development

Posted on by John Cronin

The first tenant has been secured at a new offices development in Worcester.

Ascendant Europe, a partner of global IT giant IBM, has agreed to let office space at the new Waterside development in the city centre. The Waterside is a mixed-use development by developers Berkeley Group, consisting of residential, commercial and office accommodation. Built on the site of the former Royal Worcester Porcelain premises, the development is adjacent to the Worcester and Birmingham canal.

The first phase of the Waterside offices development is now available within four buildings, three of which are refurbishments of existing factory buildings. The one new-build office is called Warmstry House and offers approximately 18,300 sq ft of high specification office space over three floors. The largest floor plate available is 6,810 sq ft on the second floor.

slip houseAscendant Europe has signed for 3,560 sq ft of floor space in the converted Slip House (pictured), a two floor building offering 6,854 sq ft of open plan floor space. The offices are so-called because it is where the “slip” or liquid clay mixture used to make porcelain was made. The other two converted offices are the 5,472 sq ft Throwing House and the 4,788 sq ft Saggar House.

Henry Harrison from agents Knight Frank, said of the letting “Ascendant’s reasons for relocating their regional headquarters to The Waterside demonstrate the requirement for high quality office accommodation in Worcester”.

The quoted rental price for Slip House, Throwing House and Saggar House is £17.00 per sq ft and £17.50 per sq ft for floor space in Warmstry House. The buildings can be split as necessary and are available on either a freehold or leasehold basis.

Joint marketing agents are Knight Frank and Halls Commercial.

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