08.10.04
Truro Objective One office scheme fully occupied

"What must be Cornwall's largest speculative office development in the past decade or more is now fully occupied," reports Alan Treloar of Vickery Holman Ltd's Truro Office.

The development, built on the Truro Business Park at Threemilestone with substantial input from the Objective One European Regional Development Fund, amounts to a total of around 1,750 sq m (18,850 sq ft) of high specification office/business space and this has been taken up by Follett Stock Solicitors, Kelsall Steele Accountants and Datasharp UK Ltd telephone and communication specialists, all of whom are now able to expand with the provision of this new space.

Mr Treloar continues to advise that the Truro Business Park has emerged in recent years as a serious alternative to Truro City Centre accommodation. "These most recent transactions taking place really show the location coming of age. The Business Park is well located being within easy reach of the City Centre but also a short distance from the main A30 trunk road at Chiverton Cross meaning that road access is excellent."

Whereas the majority of other development that has taken place at Truro Business Park has been for specific occupiers, this particular development was speculative but has proven successful with all the space being taken before the completion of the building works.

The scheme has been invested in by Objective One; funding matters dealt with by BLS Estates of Truro.

Vickery Holman have been successful in letting around 4,000 sq m (43,000 sq ft) of such business/office accommodation on the Truro Business Park over the last 4 years underlining their position as the West Country's business space specialists.

Mr Treloar concludes: "In light of the success of this development we hope to see more schemes of a speculative nature coming forward. Here in Cornwall the number of speculative commercial schemes of any form is very limited despite the potential for grant support – this position needs to be addressed if businesses are to be enabled to develop."

Vickery Holman are also instructed by the developers of another Objective One supported scheme at the Truro Technology Park, on the outskirts of Truro, which is an innovative new business space development with new space available during the course of 2005. Vickery Holman can be contacted on 01872 271033 for further information.

Editor's notes:

Sue Wolstenholme
Objective One Communications
Objective One Partnership Office
Castle House
Pydar Street
Truro TR1 2UD
Mobile: 07973 813647
Telephone: 01579 370991

lmroberts@cornwall.gov.uk

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