A multi-million pound investment will repurpose the former Gloucestershire headquarters of insurance firm Zurich into a 'parkland business campus' – and companies are already showing an interest in the site.
Agents marketing the scheme say it will create 175,000 square feet of office space for firms at 'favourable rents', with access to 14 acres of parkland in and around the Bishops Cleeve site.
Cheltenham-based THP Chartered Surveyors and Bristol-based real estate advisors JLL say the office complex, which already rents 30,000 square feet to outsourcing firm Capita and space to Kiwa and Spirax Sarco, will be ‘reimagined as a people-first mixed use campus’.
Richard Crabb, a partner at THP, said: ‘Grange Park will provide space that is equal of the very best in Cheltenham town centre, but provide much better value, and in a fantastic parkland setting.
'We are already in discussion with new occupiers drawn to this opportunity.’
Nottingham-based architects Marchini Curran Associates was charged with re-designing the building, which was built in 1991 and is now owned by Birmingham-based financial services firm Wesleyan.
According to the team, the building’s 60,000 square feet floor plates are amongst the largest in the South West and rents are up to 40 per cent less than equivalent space in nearby Cheltenham’s town centre, just over three miles away.
Phase one includes a redesigned reception, common areas and 30,000 square feet of office space able to be divided into suites from 5,000 square feet. Work is underway and expected to be completed by Spring 2023.
Grange Park is also close to junction
nine of the M5 and has almost 1,000 parking spaces. Bus services stop on the site and the county council has plans
to extend safe cycling routes from Cheltenham to Bishop’s Cleeve as part of its
new 26-mile ‘cycle spine’.
