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Gloucestershire Business News

Flurry of deals sees businesses flock to refurbished Cheltenham offices

A £1 million refurbishment coupled with a prime location has proved a winning formula for those marketing a stately regency Cheltenham office block.

Savills, on behalf of the landlord, Accrue Capital, said it had secured four new tenants at the aforementioned Regents House in Cheltenham, bringing the building to 80 per cent occupancy.

The "high-profile range of tenants" now includes Handelsbanken PLC (which occupies 2,071 sq ft), Adriatic Metals PLC (1,589 sq ft), Ridge & Partners LLP (2,061 sq ft) and The Secretary of State (1,628 sq ft).

Harry Allen, associate director in the office agency team at Savills, which has offices in the spa town, said: "The high profile list of tenants is testament to the quality of the landlord's speculative refurbishment programme and the strength of the local Cheltenham economy, we anticipate strong leasing interest in the final suite over the coming months."

Apparently all new tenants committed to new full repairing and insuring 10-year leases on their respective office space.

The Savills building consultancy team also advised Accrue Capital on the refurbishment programme, which completed in summer 2019.

The property now provides flexible, open plan Grade A office space in the heart of Cheltenham town centre with a new reception, shower facilities and all mechanical and electrical elements including lift, lighting and heating and cooling replaced.

The last remaining suite on the second floor (2,062 sq ft - 191 sq m) is available to lease.

Picture credit: Imagery ©2018 Google maps, Map data ©2018 Google

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