The Nottingham offices of JLL has completed the largest out-of-town office deal in the East Midlands this year, letting the 15,483 sqft Octavia House at Interchange 25 Business Park, Sandiacre, to one of the country’s most successful fertility clinics.
Nuture (part of the ARP group of clinics) was previously based at the Queen’s Medical Centre (QMC), Nottingham, but has now decided to move to a stand alone unit enabling rapid expansion of its existing business and to give it space to further develop world leading fertility services.
Acting on behalf of Midlands based property company, Hortons Estate Ltd, the deal was closely negotiated by by James Keeton, associate director at JLL and Steve Tommy of Hortons Estates
Daniel Watkins, head of operations and infrastructure at ARP said: “As the top fertility clinic in the Midlands region Nurture draws clients from a wide catchment area, so it was crucial to ensure we were strategically positioned for ease of access. Interchange 25 is ideally placed in a secure setting close to the motorway network and Octavia House, soon to be renamed the Nottingham Fertility Centre, offers a statement standalone building to enable us to put our own identity on and create the right environment for our clients.”
Interchange 25 Business Park is a successful and highly prominent business park, based at J25 of the M1 and offers excellent access to both Derby and Nottingham. It comprises a range of offices which have been refubished and fitted to a high specification. Following the deal to Nurture there is now only one building left, offering 2,728 to 5,455 sq ft.
James Keeton said: “We have successfully managed to let Octavia House with minimal void to our clients following the vacation of the previous occupier. This reflects the positive demand in the market at the moment and the lack of well located, good quality stock to satisfy this.
“Interchange 25 is a modern, high specification business park which benefits from excellent conectivity. It has been a consistent performer, attracting a good cross section of public and private sector tenant. The letting to Nurture is the latest in a string of transactions on the Park, and following this deal, we now only have one self contained building remaining which has been fully refurbished. Beyond this, the park has the potential to offer design and build space to suit occupier requirements and this will form the basis of our next marketing campaign.”
Steve Tommy of Hortons Estates added: “ By dealing directly with the Nuture and taking a positive approach we were able to reach an agreement that suited both parties. This was an important feature of the transaction showing our flexible and straight forward approach to accomodating occupiers requirements.
NURTURE was founded in 1991 and over the last ten years it has grown to become one of the most successful in vitro fertilisation (IVF) units in the UK. NURTURE boasts the highest success rates in the Midlands region, and is ranked sixth overall in the UK (most recent HFEA published live birth data). Around 550 fertility cycles are completed each year within the Unit and year-on-year numbers are steadily increasing.