15 February, 2008 – Central Park's latest office development reaches final stages of completion
Central Park's latest development of five new smaller office buildings is reaching its final stages of completion and will be ready for occupation this month, making this the third major office development to be built at the 1.4m sq ft urban business park in east Manchester.
Ask:Goodman, on behalf of their development partners, urban regeneration company New East Manchester (NEM), has created a new addition to the park to be known as Madison Place; a ‘village’ of five individual buildings set around a central landscaped courtyard and totaling 43,350 sq ft.
The two and three storey buildings have been built on a speculative basis and range in size from 5,244 sq ft to 13,377 sq ft.
Madison Place is prominently situated directly off the main estate road and will be particularly suitable for growing business looking to occupy premium offices and enjoy the facilities and benefits normally only available to larger occupiers on business parks.
James Pitt, Goodman’s Regional Development Director, UK Business Parks said: "We are delighted to have completed work on the next phase at Central Park. We are confident that the high-quality speculative offices will provide an excellent base for businesses in what is quickly becoming a dynamic business environment."
David Burkinshaw, Director at Ask Developments said: "We are confident of attracting more occupiers to this scheme thanks to the combination of tailored office space coupled with a new dedicated Metrolink stop, which will provide companies with the benefits of a major business park linked through a transport network, to the heart of Manchester city centre."
Eddie Smith, Acting Chief Executive of New East Manchester said: "Central Park is at the core of our plans to grow east Manchester’s modern economy, creating an estimated 10,000 jobs in this part of the city.
"This scheme will provide high quality office space in a convenient location, creating new opportunities for work and investment."
Central Park has already had notable success in attracting major occupiers, such as Fujitsu Services and MSEC (Manchester Science and Enterprise Centre – a joint venture between Greater Manchester’s four universities) and MANCAT (The Manchester College of Arts and Technology) which now occupies One Central Park – the 100,000 sq ft centre housing vocational training, research and development facilities.
The new £36.5m transport gateway is already in place, and there will be a dedicated tram stop – just five minutes away from Manchester City Centre, which is expected to be completed by 2011.
In November 2006, Goodman acquired business park developer Akeler through its £1.8 billion Arlington Business Parks Partnership fund. This makes it one of the largest commercial property funds in the UK, with 26 business parks and schemes, including Central Park.
Source: New East Mancheser press release