Work starts at South Rings in Preston
Construction work has now started on an £8m speculative office scheme in Preston.
Commercial property developers Roundhouse have commenced ground works on their South Rings Office Village scheme in Bamber Bridge near Preston. This new business park is located by J29, M6 and complements a larger mixed-use area that includes retail outlets, hotels and offices over a 37acre site.
The existing buildings within the business park have attracted tenants from a range of industries. Property management company Places For People moved into an existing office block within South Rings in February 2009, taking all of the 36,000 sq ft, Grade A rated floor space within the building to accommodate over 300 staff.
To be constructed in three phases, South Rings will offer 60,000 sq ft of floor space across 23 offices ranging from in floor spaces from 750 sq ft to 6,000 sq ft. Each of the new buildings in the scheme is restricted to a height of two storeys. The biggest unit will offer total office floor space of approximately 6,200 sq ft. The buildings are estimated to offer desk space for approximately 200 workers. When completed the buildings are expected to achieve a BREEAM rating of ‘Very Good’.
Roundhouse have previously completed a similar scheme at South Preston Office Village that consists of 16 office units that is now nearing full occupancy. The developer considers that there is still sufficient demand for additional office space within the Preston area.
Rental prices for the South Rings scheme are in the range £13 / sq ft to £17 / sq ft .
Marketing agents for Roundhouse are Bailey Deakin & Hamiltons and King Sturge LLP.
This entry was posted in Lancashire and tagged Rental Prices, Speculative Developments. Bookmark the permalink.