Taunton Office Scheme Signals Beginning of Long-term Redevelopment
A long-term redevelopment plan for Taunton Town Centre took a significant step forward this week, with property developer St Modwen gaining planning committee approval for 27,000 sq. ft. of office space.
Part of a wider redevelopment planned for the Somerset town, the new office space would mark the beginning of what is expected to be a 12 year process ΓÇô transforming a total of 123-acres into a mix of offices, residential apartments and delivering a new hotel to the town centre.
With work expected to begin on the ┬ú270m office space development this summer, St Modwen believes that this first phase of the ΓÇ£FirepoolΓÇ¥ scheme could be completed and ready for businesses to occupy by Summer 2012.
ΓÇ£These approvals are the latest milestones in our ongoing delivery of FirepoolΓÇ¥ stated St ModwenΓÇÖs Development Manager Pete Davies.
ΓÇ£WeΓÇÖre delighted that works to develop our first office will start on site in the next few months.ΓÇ¥
With the office development now moving ahead, Mr Davies also explained that St Modwen had been committing resources to sounding out occupiers for the new town centre offices:
ΓÇ£Discussions are also ongoing with other potential occupiers who can see the advantages of locating to the development, which offers an attractive river-side setting within close proximity to the town centre and the main railway station.ΓÇ¥
The Serviced Office Perspective
Here at officebroker.com, the UKΓÇÖs leading independent broker to the serviced office space industry, we currently work alongside four serviced office locations within the central and greater Taunton area.
Offering businesses flexible office space within a cost effective and supportive environment, serviced offices have continued to grow in popularity in recent years. As well as providing a great location for start-ups and SMEs, serviced offices are also used by large corporations seeking flexible and responsive solutions to their ever changing office space requirements.
Taunton accounted for 4% of all new serviced office tenants placed via the officebroker.com service during 2010 within the South West region. Those businesses entering serviced offices took an average of 5.7 workstations each at an average price of ┬ú155.00 per workstation.
To learn more about the serviced office industry across this region, view or download the Serviced Office Review: South West Q4 2010 research report.
To explore the office space available in Taunton, the UK or Internationally simply visit www.officebroker.com