06/06/2011

Watchmoor Park Camberley – Investment pays off with 11 new office lettings in 12 months.

POSTED IN General

Whilst Watchmoor Parks ornamental lakes and mature landscaping are instantly recognisable to those who pass by on their way to and from the M3, few perhaps realise the scale of the scheme which, with 11 buildings totalling 325,000 sq ft, has made it a major focus for local employment.

Wadham and Isherwood in conjunction with CBRE are pleased to announce that 11 new lettings have been completed over a 12 month period. The key transaction was the letting of 23,789 sq ft of office space at Centurion to Telindus. The IT networking and services company took a 10 year lease on the property, relocating its 130 staff to the refurbished property from two seperate locations in Hook and Odiham. Telindus has continued to grow since moving to Watchmoor Park and has recently expanded its work foce to 160.

But it is not just large companies that can be accommodated at Watchmoor Park. The scheme’s Coliseum Business Centre extends to 42,000 sq ft and provides 30 individual offices available on flexible terms aimed at smaller companies, start ups and larger companies looking for project space.

Businesses to have taken space at Watchmoor Park over the past year include: Hans Guntner (UK) Ltd, Adeopoint Ltd, Framos Electronics Ltd, Advanced Micro Devices Ltd, Memiah Ltd, Lato Networks Ltd and Southpole (Europe) Ltd.

“It is a testament to its architecture and design that Watchmoor Park retains its position as one of the most significant business locations in the region. The scheme was always designed to provide high quality office accomodation that provided occupational flexibility,” said James Silver, advisor to owner Watchmoor Park Estates Ltd.

Nick Reeve, Director of Wadham & Isherwood Farnham thinks that the lack of new commercial buildings in the Camberley / Frimley area and elsewhere in the Blackwater Valley has contributed to Watchmoor Park’s continued ability to attract occupiers during the economic downturn.

“The combination of the recession and the economic uncertainty has seen no new office developments of any consequence in the Blackwater Valley and beyond. This has led to a shortage in supply of grade A office space in the wider area. As the local economy has begun emergin from recession, demand for office space – of all sizes has increased and top-quality refurbished accommodation, like Watchmoor Park, has been increasingly popular” he said.

The speed with which a property can be refurbished is often an important factor in the transactional process and Watchmoor Estates is well prepared for such projects and can undertake refurbishment projects wihtin a short timescale.
“Responding rapidly to occupiers’ needs is the key to success in this market” said Reeve. “At Watchmoor Park we have a costed programme of works that would, subject to agreeing a detailed specification, enable a full refurbishment of Consul, which measures almost 50,000 sq ft, to a category A specification to suit particular occupational needs in less than 20 weeks.”

Mark Emburey of joint agent CBRE said “Corporate occupiers, of all sizes, continue to demand properties that reflect their own brand values. Watchmoor Park provides exactly what many businesses are looking for, first class buildings in a great working environment.”