Retail therapy at Chiswick Business Park
Latest development includes further retail outlets
Construction work on Building 5 at Chiswick Business Park has reached a significant milestone with the completion of the concrete framework of the five storey high building. When complete in March next year, the building will provide 140,000 sq ft of high quality office space, and an additional 14,000 sq ft of retail space.
Building 5 has been designed to provide a retail 'street' for the Park’s guests (tenants), which will include a small supermarket, additional bar/brasserie, coffee shop, card shop and specialist sandwich shop to supplement the existing retail facilities on the Park.
Completion of the structure coincides with planning consent which has just been granted for a new improved square. The existing Events Square (which plays host to the Park’s Enjoy-Work programme of activities, which this Summer included geese herding, hot air ballooning and a white knuckle ride) will be re-developed to the size of Soho Square in London’s West End. It will continue to form the hub of the park, staging the Enjoy-Work events and activities, and providing a landscaped environment with gardens and seating areas.
Henry Williams, director at Stanhope, said: “The development of Building 5 is a reflection of our long-term confidence in the market and in the product we have created at Chiswick Park. The calibre of international occupiers the Park continues to attract demonstrates the demand for high quality, innovative working environments, and Chiswick Park is rapidly growing into one of the UK’s leading business locations”.
Designed by the Richard Rogers Partnership and developed by Stanhope, the development is owned by Chiswick Park Unit Trust, managed by Schroders with API acting as fund property advisor. Six of the planned twelve buildings have been completed to date. The Park will eventually provide a workplace for around 12,000 people once all 12 buildings are occupied. The development currently comprises of six office buildings, including a health club and bar and brasserie, and provides a workplace for over 3,000 people.
Since opening in 2001, Chiswick Business Park has attracted a wide range of high profile companies, almost all of whom have chosen Chiswick Park for their UK or European headquarters. These include Foxtons, Teletex, One.Tel, Vue Cinemas and Technicolor Network Services. In recent months, CBS News, France Telecom R&D, Fox Kids, Discovery Networks Europe, Tullow Oil and Genworth Financial have all relocated to Chiswick Park. The Park is well known for its ‘revolutionary concept’ of encouraging people to enjoy work!
October 6, 2005