St. Modwen answers strong demand with Exeter speculative office scheme

292

Regeneration specialist, St. Modwen, is progressing its programme of speculative building at its 1.4 million sq ft Skypark scheme in Exeter in order to meet the strong demand for more commercial space in the region.

The land owner and lead developer of Skypark has secured planning consent to build two new buildings. Construction work is already underway on the first office building, which will offer occupiers 17,142 sq ft of employment space, in floor sizes starting from 5,582 sq ft. The offices are available to purchase or rent and will be ready in October 2017.

The new offices will join the Ambulance Special Operations Centre (ASOC West) and DPD UK’s new 60,000 sq ft distribution centre on site. The offices will also benefit from the 3.5 million worth of investment in road and services infrastructure at Skypark and the five acre public realm area, complete with trim trail exercise stations.

Ian Guy, Senior Development Manager for St. Modwen and Devon County Council’s development partner for the £210m Skypark development, said:

“After recent success with the new ASOC HQ and the logistics hub for DPD and the current buoyant commercial property market, we are confident that these new offices will be a great success and satisfy some of the demand out there in the market. These offices are going up alongside the Headquarters Office Building for Devon and Cornwall Housing and represent the first major office development in Exeter for many years. It’s a strong sign of the improving occupier market in Exeter.

“The new offices will be constructed to BREEAM Excellent standard and an EPC target rating of A, which will make them some of the most sustainable and environmentally friendly offices in the region.”

Located just off the Junction 29 of the M5, Skypark is set in an ideal place for businesses to base their regional operations and take advantage of new opportunities in the south west.

Being delivered over 20 years, Skypark represents one of the most important strategic developments sites in the SW of England and on completion the 110 acre site will provide 1.4 million sq ft of warehouse, industrial and office space and deliver up to 6,500 new jobs.