The developer of Warwick’s flagship Opus 40 business park has won permission to buildanother 260,000 sq ft of offices.
Opus Land said infrastructural works were already well advanced on the new offices and Coventry-based Bromwich Hardy – which joins GVA Grimley – had been appointed as joint agents.
The latest development comes after the announcement three months ago of the sale of a 1.6-acre plot on the Warwick site, off the A46, for the development of a 122-bedroom hotel.
Construction of a Premier Inn is about to begin on the land, which was acquired by Whitbread at a purchase price in excess of £2 million.
Opus managing director Richard Smith said: “The master plan for the new space includes four separate buildings ranging from 30,000 sq ft to 80,000 sq ft in size – although larger design and build requirements of in excess of 100,000 sq ft could be accommodated – and will incorporate a raft of green measures.”
The scheme comprises three separate office buildings totalling some 280,000 sq ft of space on a 35-acre landscaped campus.
Two of the buildings – with a combined area of 194,000 sq ft – are occupied by IBM and owned by Mapeley. The third – ‘Point 3’ - comprising some 90,000 sq ft, was pre-let to telecomms giant, telent and was sold last October to Hildane Properties at a purchase price of £14.4 million.