100% occupancy secured on Newark Business Park

National property developer Gladman Developments has secured 100% occupancy of their first phase of a development at Fernwood Business Park in Newark, Nottinghamshire.

Innes England, together with Hodgson Elkington and Wood More & Co, was appointed by Gladman to market a range of accommodation on the business park from serviced office suites of 150 sq ft to semi-detached and head quarter buildings of up to 10,000 sq ft.

A series of lettings saw 13 deals take place in the final quarter of 2012 and the business park is now home to a host of companies including financial services provider Totemic, property consultants Fisher German and RMH Training Ltd with employment levels projected to reach over 250.

A total of 28,750 sq ft is now occupied on the park which is strategically located adjacent to the A1 and its junction with the B6326, approximately two miles south of Newark town centre. Newark is on the main King Cross train line with a journey time to London of 1 hour 20 minutes and Nottingham and Lincoln are both within half an hour’s drive.

Giles Davis, surveyor at Innes England, said: “I’m delighted we have secured so many companies at Fernwood Business Park which is now a significant location for many local jobs. The flurry of lettings last year meant there was limited availability in this ever popular development.
“It is encouraging that the park continues to attract new occupiers and with the variety of accommodation available, we are not surprised that the park has been a success.”

Andy Hartwright at Gladman added: “Our decision to develop in Newark has been rewarded with excellent take up from new and established businesses. Our incubator hub known as Fernwood Business Centre is designed to support smaller and start-up businesses and our larger office buildings have attracted some significant regional businesses.

“Our focus now is on securing further occupiers on a pre-let and pre-sale basis whilst we review the potential of further speculative development against the improving market and economic conditions.”