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Commercial News MediaEast MidlandsMore firms move to Newark’s expanding Fernwood Business Park

More firms move to Newark’s expanding Fernwood Business Park

Gladman Developments have announced the opening of the new Fernwood Business Park, a building offering traditional office space on flexible terms, as well as hot-desking facilities and other forward thinking business arrangements.

Hodgson Elkington LLP, chartered surveyors, who are marketing the £13 million high-specification office development adjacent the A1 at Fernwood, near Newark have reported that the new venture has already attracted four new occupiers including Amalgam Training taking the entire ground floor.

Other occupants include locally based businesses who will be using the ‘Hot desking’ facilities at the business centre. Originating as a trend in the late 1980s to early 1990s, hot desking involves one desk shared between several people who use the desk at different time. All inclusive rents offer the chance for business to concentrate on what they do best leaving the landlord to worry about the distracting property management issues.

“With the growth of mobility services, hot desking can also include the routing of voice and other messaging services to any location where the user is able to log in to their secure corporate network. Therefore their telephone number, their email and instant messaging can be routed to their location on the network and no longer to just their physical desk,” said Tom Elkington of Hodgson Elkington.

“Even in  these extremely difficult market conditions we are confident, based on the current level of enquiries, that further lettings will be made in the not so distant future. The building is being offered on attractive terms and we encourage all business to have a look at what is available” said Tom Elkington.

Terms have also been agreed in a relation to numerous other deals on site ranging from between 500 and 6,000 sq ft. This latest progression follow an earlier move by estate agents Fisher German LLP to Fernwood who bought Unit 12, a two-storey 2,250 sq ft building at Halifax Court on phase one of the development. Fisher German has offices throughout the UK and employ 200 staff. They relocated from Alverton, some 9 miles south of Newark and took on more staff..

The £13 million development at Fernwood, comprises two phases by Cheshire based commercial developer Gladman Developments and is known as Millgate Court and Abbott Court which will form part of the £50M 38 acre (15.4 Hectare) Fernwood Business Park, a development by Strawsons Property.

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