Expert developer and regeneration specialist, St. Modwen, has commenced construction on its latest development at Longbridge Technology Park, with a new two-storey office building expected to be completed in Spring 2020.
In December 2018, leading independent professional services consultancy Barnett Waddingham signed a 15-year lease as St. Modwen pre-let 21,000 sq ft of space at the new-build office development.
The deal was the biggest out-of-town letting in the region for Q4 and Barnett Waddingham is expected to bring over 150 jobs to the area.
Comprising the third office building on Longbridge Technology Park and situated opposite Longbridge town centre, 3 Devon Way will boast a prime position close to local amenities, the attractive Austin Park landscape and be within a short walk to Longbridge train station.
Longbridge Technology Park is already home to an array of leading digital businesses, including cybersecurity firm Aristi Limited, web-design agency Ballyhoo Ltd and 3D printing re-seller Mark3D UK.
Chris Newsome, Development Director at St. Modwen, said:
“Both the success of the Innovation Centre and our ongoing regeneration of Longbridge have highlighted the need for further quality office space to accommodate high-calibre companies like Barnett Waddingham. “St. Modwen’s aim is to create an excellent place to work, live and visit here in Longbridge and we are working on bringing more employment space forward to achieve this.”
Paul Hubbold, Partner at Barnett Waddingham, added:
“Barnett Waddingham’s strong growth, both within the Midlands and across the business, has allowed us to prioritise expansion into what will be an ideal space for us. “Our move to 3 Devon Way will allow the business to provide its employees with flexible working spaces, superb facilities and excellent transport links. The regeneration of Longbridge is a huge success story for the region and we greatly anticipate our move to the Technology Park in 2020.”
Jack Pledger, Construction Manager at St. Modwen, commented:
“This is another important build project where we will once again be employing Barnwood having worked together on various projects over the past 12 years. We estimate around 45 people will be deployed during the project across five companies and sub-contractors, putting in over 30,000 hours of work. This will be a further boost to the local economy ahead of the building’s completion.”
Andy Venables at Avison Young and Nick Williams at Savills, joint agents for the marketing of the site, added:
“We’re delighted to see work commence on Barnett Waddingham’s new home. This letting is a clear endorsement of the comprehensive amenities and connectivity offered by the Longbridge scheme.”