32 Users Online

Home | News | Jobs | Business | Forums | Lifestyle | What's On | Classifieds | Contacts

Peterborough Community Website - Home

Peterborough UK
19:46 on Saturday
2 August 2003

Cooks Audi - Designs that stand the test of time

Business

Evenin'! Thanks for visiting www.peterborough.net!

Free publicity

PNet Directory

Luego Sports Cars

Sales talks boost property market


An architect’s drawing of the proposed Byre Veterinary Surgery

Peterborough’s attractions as a business relocation destination are fuelling a significant increase in enquiries about commercial land sales, according to English Partnerships, the government agency for sustainable regeneration and development.

English Partnerships (EP), which owns almost 100 acres (40.5 hectares) of commercial development land in Peterborough, is currently handling its highest number of city land sales enquiries for over 18 months.

The news reinforces last month’s report by the Royal Institution of Chartered Surveyors (RICS) that Peterborough is one of the most buoyant commercial property markets in the East of England, while the national market is still experiencing a downturn.

Ian Ivory, a member of English Partnerships’ Peterborough land sales team, says: “We are currently handling serious enquiries on several sites in Peterborough, representing around half of all the sites we currently have on the market. We haven’t seen this level of enquiries for at least 18 months.”

One confirmed sale involves a one-acre (0.4 hectare) site at Papyrus Road, Werrington, Peterborough, where Byre Veterinary Surgery plans to develop a new purpose-built 4,500 square foot (1,400 m2) facility – triple the size of its present premises in a leased property, also located in Papyrus Road.

Bob Gillespie, who founded the surgery in 1990 when he moved to Peterborough from Birmingham, said construction would commence in the autumn with completion expected next spring. The new premises will include two operating theatres, separate X-ray room, dental suite, two kennel rooms, a cattery, laboratory and several consultation rooms.

“I moved to Peterborough because its population growth offered expansion potential and that has certainly proved to be the case,” he says. “The new building will provide us with the opportunity to develop further a 21st century veterinary surgery for the local community.”

Several other commercial developments are also focusing business interest on Peterborough. Frenbury Properties is expected to commence construction shortly on the first phase of a large scheme on a 15.3-acre (6.2 hectare) site at Peterborough Business Park at Lynch Wood. The scheme could eventually amount to 220,000 sq ft (20,438 m2) in several phases.

The first phase will consist of a variety of speculatively built office units with floor areas ranging from 1,600 sq ft to 2,300 sq ft (150 to 214 m2). Agents Lambert Smith Hampton and Barker Storey Matthews report very encouraging interest already, with a number of site sales in negotiation.

Meanwhile, progress is being made on development of The Office Village at Hampton’s Cygnet Park where ten self-contained two-storey office buildings will offer suites ranging from 1,300 sq ft to 6,100 sq ft (121 sq m to 567 m2). Agents Lambert Smith Hampton and Dickens Watts & Dade have confirmed a number of pre-sales.

Around 100 accountancy staff from media group News International are expected to relocate from Midgate House in Peterborough city centre to new £7 million 40,000 sq ft (3,716 m2) offices on a 3.5 acre (1.4 hectare) site at Hampton’s Cygnet Park shortly.

Last month’s RICS survey said that continued interest in industrial property and a strong retail sector were helping the East of England commercial property market defy ‘fragile’ conditions nationally. Peterborough was identified as one of the region’s most buoyant markets.

August 2002

Comment

 

   

PNet Directory
Search for local links

 

(Titles Only)

English Partnerships Site

Your comments
Business Forum ... click here

Business Forums

UK Business News Headlines
Local Engineering News

 Last Viewed Page

 

Chamber of Commerce