| yorkshire region
NEW PROPERTY COMPANY LAUNCHED T
wo respected Yorkshire commercial property professionals have teamed up
to launch a company which will revolutionise the serviced offices sector in the region. Alex Duckett, ex-Knight Frank and
Savills, and Oliver Corrigan, who owns the pioneering Carrwood Park and Brookfield Court office parks by Junction 46 of the M1, have formed Gilbanks, which will focus on creating the finest serviced office space in the north of England. Duckett and Corrigan believe that the
demand for truly high-quality serviced office space in Yorkshire cities, and especially in Leeds, is not being met and that Gilbanks will provide the perfect solution to this problem. Duckett explained: “The seismic change
in working practices over the past decade, driven by the revolution in technology, has meant that the days of the traditional and functional, leasehold office, are numbered. Flexibility and a productive office experience are the key. “But the serviced offer sector,
especially in the regions, has remained largely unresponsive to these changes. Many serviced offices are tired and unwelcoming and simply don’t provide the level of service or create the environment
that is needed. "There is significant research urging
businesses to embrace managed office solutions as it results in increased productivity and undoubtedly job satisfaction. The field is being led by many major national companies wanting satellite regional presence, as well as the flourishing start-up market, who recognise the importance of spaces that work to achieve a relaxing yet inspiring ambience which is necessary in attracting the young top talent." Crucially Carrwood Park, which was
originally developed by Oliver Corrigan's father John, has already proved that the Yorkshire market is ready for quality serviced offices. Corrigan explained: “The unqualified
success of Carrwood Park has driven the creation of Gilbanks. We are tremendously proud of what we have achieved here, and at nearby Brookfield Court, where 75,000 sq ft of stunning office space is consistently almost fully let. “Creating a dynamic office environment
where creativity is encouraged, where work becomes a pleasure and facilities align with business and personal values is what we specialise in. Duckett revealed: “Even though
YORK SCIENCE PARK Y
ork Science Park was established with the aim of building a place for
innovative companies to work alongside the ground-breaking academic research taking place at the University of York. Twenty-five years later, it is a thriving and vibrant community, acting as a catalyst for economic growth and bringing together companies of all sizes in a stimulating environment, encouraging collaboration and creating prosperity within the local, regional, and wider economies. Residents benefit from a supportive
environment, with 80% of SMEs surviving longer than five years, and 89% reporting business growth in 2014-15, contrasting with national averages of 45%. York Science Park is an environment
where world-class scientists work alongside colleagues from industry, decision makers, and entrepreneurs to translate cutting edge research into commercial opportunities. The high specification, fully managed, flexible office space suits many business types and the friendly and experienced team provides superb customer service to both residents and visiting guests.
80 Adaptable, flexible laboratory
facilities cater for chemistry, pharmaceutical and bio-based businesses looking to relocate or research and develop new projects. We cater for businesses large and
small and provide Virtual Offices, flexible Co-working and Hot Desk facilities which are popular with start-ups. Our flexible approach means new businesses get a head start. Connectivity is increasingly important
and the exceptional IT facilities ensure businesses get the best data provision and 1GB high-quality broadband access. This connectivity is extended across all 14 meeting rooms and ensures the science park a perfect venue for training, seminars, interviews and product launches. York Science Park provides direct
links with business networks and specialist support that really adds value to aspiring businesses. A solid network of connections and contacts is an invaluable resource for any business, and is often critical to success and helps residents connect with the right people at the right time.
managed space is still perceived to be an emerging asset class, Gilbanks are receiving significant interest from landlords with high profile buildings in Leeds city centre who are acknowledging this growing trend. Once negotiations have concluded we expect to open our first workspace in autumn this year. “This encouragement and support
underlines our belief that the creation of high quality serviced offices in the regions is an idea whose time has come. This makes the launch of Gilbanks extremely exciting and extremely relevant.” “We look forward to announcing our first address in the near future.” he added.
RESTAURANT LET A
ddington Capital, the investment and asset management specialist has let a
circa 4,500 sq.ft restaurant, 16-17 Kirkgate, Leeds to “Home”, the fine dining experience. “Home” is being set up by Elizabeth
Cottam, the much praised semi-finalist of last year’s BBC MasterChef and her business partner Mark Owens, former Head Chef at Michelin-starred The Box Tree in Ilkley. It will be opening its doors in August. "Home" will be a 65 cover restaurant
with bar area, providing fine dining “re- imagined” in a welcoming atmosphere, including offering a ten-course tasting menu and exclusive chef’s table experience. The company has signed a 10 year
lease at a rent of 39,000 pax with 9 months rent free. Commenting, Alex Wagstaff of
Addington Capital said, “Leeds City Centre has grown in stature over recent years with significant investment and redevelopment. Elizabeth Cottam’s restaurant will create further interest and I’m sure will be a huge success" Addington acquired 16-17 Kirkgate at
the end of 2015, as part of the £60 million Retail Plus Portfolio acquired from Rockspring.
COMMERCIAL PROPERTY MONTHLY 2017
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