WestPoint in Peterborough welcomes two new occupiers following £4m refurbishment

Atlantic Leaf Properties, advised jointly by Savills and DTRE, has let office space at WestPoint in Peterborough to Western Union International Bank GmbH and Jeremy Benn Associates Ltd (JBA).

Western Union International Bank has agreed to a new 10-year lease for space totalling 12,249 sq ft (1,137 sq m) on the second floor of the building. Subsequently, environmental consultant JBA Consulting has signed a new five-year lease for 4,869 sq ft (452 sq m) on the first floor.

Home to Bauer Media, one of the world’s largest privately-owned media businesses, and previously occupied by Thomas Cook, WestPoint has undergone a £4 million refurbishment. It now provides a spacious concierge served business lounge, a fully fitted gym, sports hall and café with a lakeside terrace. The development has been awarded a platinum ‘cyclingscore.com’ rating and is only a 20 minute cycle from the train station through Ferry Meadows Country Park, which offers rowing, sailing, fishing, golf and family activities. The property has also secured a five star data connectivity rating and an unrivalled car parking ratio to include EV charging capability.

National office fit-out and refurbishment specialist, Overbury, has designed and delivered this space which sets the benchmark for destination workplaces in the region. It provides a collaborative environment which supports and enhances new ways of working.

A range of suite sizes remain available to let, which can cater for individual requirements, starting from 4,714 sq ft (437 sq m) at a quoting rent of £19.50 per sq ft.

Edward Gee, associate director in the business space team at Savills Peterborough, comments: “Up until now there has been very little availability across the city when it comes to prime office stock so we have received a high level of interest to date.”

Rupert Langdon, investment manager at Atlantic Leaf, adds: “We have found interest from occupiers has actually been accelerated by Covid-19 as people seek affordable Cambridgeshire countryside living only 49 minutes by train to London, whilst businesses are considering longer term strategic ‘hub and spoke’ office models.”