Friar Gate Square in Derby comprises just over 32,000 sq ft of office space constructed to an occupational density of 1:8.5 sq m and finished to a BREEAM rating of 'excellent'. Completed to grade A specification, the building provides floor plates of 3,500 to 7,000 sq ft. For a breakdown of Derby supply by grade, click here.
The development, which can accommodate a further 43,000 sq ft in new buildings, has been undertaken by Lowbridge Developments with financial support from Derby City Council.
The council's input was integral to the scheme and it is hoped local authorities elsewhere in the East Midlands will follow Derby's lead to encourage speculative office development across the region.
In Leicester, Marlborough Property Co Ltd is launching a speculative phase of out of town office development in response to the lack of grade A supply. They will construct circa 30,000 sq ft of grade A offices over three buildings at Watermead Business Park in Syston. The site is well located with some high calibre occupiers such as Bentley, Flo Gas and Dunelm Mills.
For a breakdown of Leicester supply by grade, click here.
For a breakdown of Nottingham supply by grade, click here.