Jelf Clarke Roxburgh has signed a deal on 13,187 sq ft (1,225 sq m) of office space at Mucklow’s Apex Park in Worcester.
Set across 8.5 acres and located at Junction 6 of the M5 Motorway, the first phase of development at Apex Park currently comprises a total of four buildings, with phase two benefitting from outline planning consent for the design and build of up to 155,000 sq ft of additional office space.
Jelf Clarke Roxburgh, which provides businesses and individuals with advice on insurance, employee benefits, healthcare and financial planning, is taking the whole of Apex 1, a self-contained office building with 50 car parking spaces, on a 15 year lease with no break.
Mike Latham, Regional Managing Director, Jelf Insurance Brokers, said: “We felt that now was the right time to take additional space within larger premises to accommodate our growth and development plans. We have invested in a number of properties across our office network and Apex Park was the perfect choice for our Midlands operation.
“The new high quality, purpose-built premises will provide an ideal working environment for our employees. The nearby amenities as well as the accessibility to the motorway and local public transport services will be convenient to both clients and staff alike.”
Current tenants at Apex Park include Nexus Housing Association, NDC Consultants and Ludlow Thompson, with GVA and Harris Lamb acting as joint agents on the scheme.
Justin Parker, Managing Director, Mucklow, said: “Apex Park represents an outstanding opportunity for businesses looking for an office location that is perfectly situated, with excellent access to the UK’s national motorway network, as well as being less than three miles from Worcester city centre.
“The last few months have been reasonably slow for the regional market, so it is exceptionally pleasing to see the completion of deals such as this, which represents both a significant transaction in its own right and the largest letting of new office space along this section of the M5 corridor this year.”
Buildings from 10,000 sq ft and up to 150,000 sq ft can be offered on a pre-let basis as part of the highly prominent Phase 2 of the development.