£3m investment from Nurton Developments

£3m investment from Nurton Developments

Birmingham-based Nurton Developments is investing £3m into its One Warwick Technology Park scheme in a bid to attract local and national companies looking to relocate to the region.

An eight month refurbishment on its 50,000 sq ft office building- one of the largest in the Warwick-Leamington corridor, is due to begin and, according to Nurton’s development director Rupert Young, will set a new standard for office space in the area.

“We were very pleased to buy this asset last October, for around £6m, as the location has always been very popular and it's rare for a scheme of this size to become available,” he said.

“However, we pride ourselves on always looking to add value, and after discussing the options with our architect & agents, and seeing what requirements were out in the market, we decided to give the building a comprehensive refurb.”

Nurton’s has already secured a tenant in place for the 10,000 sq ft ground floor space, and will now set about boosting the remaining 40,000 sq ft to contemporary Grade A standard by refurbishing the reception area and common parts.

The refurbishment works will also see new raised floors, metal suspended ceilings with LED lighting and a new air conditioning system throughout. 

Nurton has three agents appointed, JLL, Savills and Bilfinger GVA.

“Warwick Technology Park has always been in demand, and the quality of Nurton's refurb, allied to the unusually high number of parking spaces, will make this scheme really stand out in this area,” said Adrian Griffith, Bilfinger’s offices director.

“It will probably be early autumn before the works are completed, but we've already seen significant interest from companies looking to relocate there. There are several existing requirements, and I think it's very likely that the first letting at Wireless House will be in legals even before practical completion.”

 

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