Skip navigation

Gloucestershire Business News

Substantial investment in Gloucester business park shows confidence

Hundred of thousands of pounds is being spent by new owners upgrading a little-known Gloucester business park.

In what is being called a "substantial investment" Telereal Trillium has not only bought the property off Eastern Avenue, but is refurbishing it too.

The London-headquartered company manages a £6.5 billion portfolio of properties, which now includes the Chancel Close Trading Estate which it describes as being in an "excellent location".

According to a statement from the firm, which made the purchase of the Gloucester park last year, it is about to begin "the estate's extensive refurbishment".

John Hickson, Telereal Trillium said: "We are delighted to be bringing forward the refurbishment program of Chancel Close which will modernise a well-established estate and enhance the benefits of its excellent location and range of unit sizes.

"We look forward to delivering a market leading product to appeal to the trade counter occupiers seeking quality space in the Gloucester area"

CBRE and ASH Chartered Surveyors will be joint agents for the scheme.

Simon McKeag, of Ash, which has its Gloucester offices in Pullman Court off Great Western Road, said: "Telereal Trilliums' investment in Chancel Close reinforces Gloucester's reputation as a popular trading location and confidence in the area.

"Demand remains strong for good quality units and the improvements at Chancel Close will offer occupiers high quality accommodation when considering relocation."

According to Telereal Trilliums the scheme "will be redeveloped on a fast-track basis to meet the area's strong occupier demand".

It will initially refurbish the estate's two vacant units, 3 and 5, with further improvements made as and when other units become available in the future.

The refurbishment works to Unit 3 which is 7,104 sq ft, and Unit 5 which is 7,667 sq ft, will begin in August and will be completed and ready for occupation by October 2018.

Subscribe to Punchline

Related Articles

Julian Dunkerton adds to his pub and hotel empire Image

Julian Dunkerton adds to his pub and hotel empire

Residents hoping to save the pub at the heart of a Cotswold town appear to have cause to celebrate after multi-millionaire entrepreneur Julian Dunkerton bought the property.


Mass brawl at Cheltenham business Image

Mass brawl at Cheltenham business

Shoppers at a supermarket in Gloucestershire got a little more than they bargained for yesterday evening when a mass fight broke out.

Bus company staff celebrate 420 years of loyal service  Image

Bus company staff celebrate 420 years of loyal service

Employees at Stagecoach West have been officially recognised for their loyal and dedicated service to the bus company.

Stabbing threat to businessman because he owned a Bentley Image

Stabbing threat to businessman because he owned a Bentley

Former soldier Warren Bagwell threatened to stab two men because he was jealous of them having a Bentley car with personalised number plates, a court heard.

Copyright 2018 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.