10.11.06
£1m Objective One investment in St Austell Enterprise Park

The Objective One Programme for Cornwall and the Isles of Scilly has announced a £1 million investment in the St Austell Enterprise Park at Carclaze, St Austell.

The £20 million project is being developed by commercial property company Rok Development, part of Rok Plc, and will accommodate up to 550 jobs once completed.

The Objective One investment will support phase one of the project, which will include high quality office space and a range of flexible light industrial units in a stunning location overlooking St Austell Bay.

The 10 acre site, situated off the A391 to the north east of the town centre, will also include a £4.5 million, 61 bedroom Premier Travel Inn and a Brewers Fayre restaurant and pub which are being developed separately by Whitbread.

Carleen Kelemen, Director of the Objective One Partnership, said: "St Austell Enterprise Park is part of more than £76 million worth of projects that have received investment from Objective One to create high quality workspace across the region. It will complement the £4.78 million Brunel Business Park, in St Austell town centre, which we are jointly investing in with the South West Regional Development Agency. The two projects will help to tackle the shortage of business space in this targeted area and go a long way to supporting future economic growth."

Ian Guy of Rok Development said: "We are delighted that Objective One is supporting this project which will bring much needed employment space to St Austell. We are already seeing significant interest from potential occupiers both locally and from outside the area."

Local builders Rok started the groundworks on site in August and construction is now well underway. The first phase of four warehousing and light industrial units will be completed by April 2007 and the first four self-contained office units will be completed in May 2007.

All units are available either to let or for sale freehold through joint agents May Whetter & Grose and Goadsby.

Whitbread expects to start construction of the hotel and restaurant at the end of this year, creating 70 new jobs once completed in August 2007.

For further information please contact Jason Clark of Deborah Clark and Associates Ltd on 01872 276276 or email jason@dclark.co.uk.

The Objective One Programme for Cornwall and the Isles of Scilly has invested in St Austell Enterprise Park through the European Regional Development Fund (ERDF).

Editor's notes:

Rok, the UK provider of local development, building and maintenance services, was founded in 1939 and is fully listed on the London Stock Exchange. The company has three core business streams: Rok Development, Rok Building and Rok Maintenance and its ambition is to be seen as the Nation's Local Builder in its local communities.

St Austell Enterprise Park will include:

Two terraces of four industrial/warehouse units as well as a terrace of four office units. The industrial units can accommodate from 2,500 sq ft to 12,000 sq ft and the office units can accommodate requirements as small as 1,200 sq ft. The small office units are designed to appeal to owner occupiers as well as people wanting to rent. More phases are planned to accommodate phased construction for further demand.

Website: www.staustellenterprise.com

Clare Morgan
Media Relations Manager
Objective One Partnership Office
Castle House
Pydar Street
Truro TR1 2UD
Mobile: 07973 813647
Telephone: 01872 223439

cmorgan@cornwall.gov.uk

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