May 2018

Chester Office Lettings Demonstrate Strong Market Demand

Acting on behalf of Real Estate Investment Management, Legat Owen, joint agent with Avison Young, has secured another high-profile letting on Chester Business Park to Sinclair Pharma PLC.

The global aesthetic dermatology company is expanding and relocating from its current premises, also on the business park, to Eden House, a 6,500 sq ft self-contained building, on a 10-year lease.

The two-storey property, which was previously occupied by Natwest Bank, has undergone an extensive refurbishment with a new office and reception being installed. The landlords appointed contractor, Hutcheon Construction, has also undertaken a bespoke fit out on behalf of Sinclair Pharma.

Other enhancements include a new air conditioning system, LED low energy lighting, raised floor and floor boxes, new WCs and shower facilities.

Eden House forms part of the highly prestigious Lakeside development on Chester Business Park. It is situated at the head of a five-acre ornamental lake and benefits from 30 car parking spaces at the rear of the building.

The announcement coincides with another letting completed by Legat Owen at Bellmeadow Business Park in Chester, where Bratherton Park Design has taken 1,800 sq ft of office space on a 5-year lease.

Jayne Burrell, Group General Counsel and Company Secretary at Sinclair Pharma said:

The opportunity at Eden House came at the perfect time for us as we needed to expand our premises but were keen to stay on Chester Business Park, which has been our home for a number of years now.

By relocating we have more than doubled the size of our office space and the high standard of refurbishment is very much in line with our business’ needs.

Jayne Burrell, Sinclair Pharma

Will Sadler, director at Legat Owen, who were sole agents for Eden House, said:

Demand for Grade A space is very positive and there is a real shortage of high quality office space in Chester. Properties such as Eden House that have been refurbished to a high standard are seeing high levels of interest and letting well. We are currently marketing the last remaining plot at Chester Business Park offering 110,000 sq ft on a design and build basis and, based on the demand we have seen, we are confident this is likely to attract a interest from both national and regional blue-chip organisations.

Will Sadler, Director, Legat Owen

Eden House is situated on Chester Business Park, a 175-acre landscaped business environment in the Chester Green Belt. It is one mile south of Chester City Centre and a quarter of a mile north of A55/A483 dual carriageway intersection, providing direct access to the M53/M56 and from there to the M6 motorway.

Chester Business Park is recognised as one of the most prominent business parks in the North West and occupiers include, Marks & Spencer, Bank of America, MBNA, Bristol Myers Squibb, GB Group, Tetrapak, Diners Club, Nextgear Capital, Target Group, Old Mutual Financial Services and Regus.

Quoting rental at Eden House £18.50 per sq ft.

Joint agent acting for landlord was Rupert Barron of Avison Young

Sinclair Pharma PLC and Bratherton Park Design were unrepresented.