Birmingham property consultant Knight Frank is helping a developer to maximise its commercial property potential in one of the most buoyant parts of the UK.
The consultancy's advice helped Alliance and Leicester sign up two new names to its 52.8-acre Carlton Park business park in Leicester.
Six acres have been sold to leisure operator Next Generation for a new 100,000 ft health and racquets club to include indoor and outdoor tennis courts and swimming pools, squash courts, extensive gym facilities and health and beauty salons.
Planning has been approved and work should commence on site in late 2004 ensuring that this #8.5 million scheme will be ready for completion roughly year later.
Following hard on the heels this success, terms have also been agreed for a 73,000 sq ft pre-let to Leicester Partnership NHS Trust, which will take a new three-storey headquarters building.
Chris Gladman, managing director at Alliance & Leicester Estates, says: "The signing of these two deals is a significant move forward for the development and a major step forward in the life cycle of Carlton Park.
"The site is developing rapidly and the addition of high quality facilities to the site will be a great advantage to the scheme. His enthusiasm is shared by Mark Swallow, head of Knight Frank Birmingham, who says: "The East Midlands is an area that is recognised as having one of the fastest rates of economic growth in the UK.
"Carlton Park is set in an attractive landscaped environment, in a superb location and with the facilities provided by Next Generation, position as number one office park in the area is assured."
Knight Frank introduced business park developer Akeler to Alliance and Leicester to help tie up the letting deal with the Leicester Partnership NHS Trust.
Akeler plans to develop the building and fund it, sharing profits with Alliance and Leicester.
Phase one of Carlton Park, Junction 21 of the M1, is completed and fully occupied landowners Alliance and Leicester and the second phase has planning consent for 457,400 sq ft of offices. Scott Lloyd, managing director of Next Generation, says:
"We are constantly seeking opportunities to develop the Next Generation Clubs brand the UK and this latest move reflects our commitment to exciting new locations."
Knight Frank Birmingham and Innes England are joint agents for the Carlton Park business park.