The East Midlands
CEG Completes £3 Million Redevelopment of Iconic East- West Office Development in Nottingham
company growth, seasonal demand and the effects that social distancing will have on office requirements.
CEG is also appointing an on-site Life Team, dedicated to making occupier’s lives easier and healthier. They, along with the dedicated app, will help to create a more collaborative and productive community, be it booking meeting rooms, arranging dry cleaning, organising events, bike maintenance or fitness classes, to local shopping and activity discounts.
Centrally located on Maid Marian Way, East West is home to Nottingham Trent University, Arup, JLL, Experian, Domestic & General, Scape Group and RSM.
CEG has appointed the Nottingham offices of M1 Agency and FHP to market the building.
East West reception
The £3million redevelopment of East West on Maid Marian Way in Nottingham completed this week delivering 175,000 sq ft of the highest quality office space in the city.
Formerly known as City Gate, East West was brought into the CEG portfolio in 2018. CEG then secured the adjacent Toll House Public House in order to transform the entrance experience into the offices. This has now been integrated within the development as well as providing innovative spaces to eat, meet, drink and work with access to WiFi and plug in points.
Two office suites have been fully refurbished and launched to market, offering 6,500 sq ft and 5,300 sq ft of the highest quality city centre workspace.
This first phase of redevelopment has also seen a striking new reception area to the east building, with a café and market kitchen.
Improvements to the glazing, lighting, heating and ventilation have significantly improved the energy rating. A cycle spa, fitness space, showers, drying room and lockers are also set to be delivered.
Olivia Hughes, investment manager at CEG, said: “We have given East West a fabulous new look, delivering a flexible and contemporary working environment with a wide variety of new on-site amenities. The building has been revitalised, responding to businesses wanting healthy, sustainable and productive space that will help to attract and retain the best talent. “Although the buildings are almost fully let, we do have two refurbished office suites available ready for a client’s bespoke fit out to ensure that the space fully meets their aspirations.”
As a long term investment and management company, CEG also offers an innovative approach to leasing, delivering more flexibility and even providing tenant fit outs which reduces an occupier’s capital spend. The company’s Core and Flex model allows a business to expand and contract within the space. This helps to manage uncertainty, as well as
James Keeton at M1 Agency confirmed “Real praise should go to CEG for delivering this speculative office refurbishment against the backdrop of Covid-19. The results are stunning and it has transformed the occupier offer at East West, Nottingham.
“Our experience is showing us that occupiers are increasingly demanding more from their office space and to combine high quality flexible office space with greater levels of amenity provision, break out & collaboration areas and enhanced on-site facilities. East West now really delivers on all these fronts and we encourage potential occupiers to come and experience it for themselves”.
East West market kitchen
John Proctor of FHP, who acted for CEG on the acquisition of the building in 2018, added “We have been working with CEG for a number of years and have admired how they have transformed buildings in a number of locations throughout the UK. We identified “City Gate” as an opportunity which would be ideal for CEG’s approach.
“To now see the first phase of works being delivered is fantastic. They will undoubtedly reap the rewards from their investment as the pandemic has led all office occupiers to rethink how they want to work in the future. The benefit of such an impactful entrance and facilities such as the business lounge and café, together with offices which are of the highest quality achieves those objectives. When possible, we look forward to inviting the business community to see the development for themselves.”
www.eastwestnottingham.co.uk
East West cafe COMMERCIAL PROPERTY MONTHLY 2021 39
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