BUSINESS LIFE: NATIONAL CONSTRUCTION WEEK: Speculative office scheme planned.Byline: Clive Benfield, chairman of the Forum for Rethinking Construction and Employment TWO speculative office developments with a high-tech and innovate in·no·vate v. in·no·vat·ed, in·no·vat·ing, in·no·vates v.tr. To begin or introduce (something new) for or as if for the first time. v.intr. To begin or introduce something new. feel are available on a freehold Freehold, borough, United States Freehold, borough (1990 pop. 10,742), seat of Monmouth co., E central N.J.; settled c.1650, called Monmouth Courthouse (1715–1801), inc. as a town 1869, as a borough 1919. or leasehold An estate, interest, in real property held under a rental agreement by which the owner gives another the right to occupy or use land for a period of time. leasehold n. basis from Coventry based commercial property agents North Rae Sanders San´ders n. 1. An old name of sandalwood, now applied only to the red sandalwood. See under Sandalwood. . Hampton Brook Development has just purchased a 0.5 acre site at Capability Green in Luton after undertaking extensive research in the area which revealed a high number of successfully completed office developments but none that offered smaller self-contained accommodation with a strong corporate identity. The company has now submitted a planning application to construct two two-storey office properties, each covering 5,188 sq ft which have been designed to complement the surrounding architectural styles. Each property will be fitted internally to a high specification to include full air-conditioning and an impressive glass reception area. Good on- site car parking will also be provided. Angus Blair, joint managing director of Hampton Brook Developments, said: "Having successfully developed office buildings such as the Scottish and Newcastle headquarters of 115,000 sq ft and around 100,000 sq ft of similar schemes in the Northamptonshire area including Travis Perkins' and MacIntyre Hudson's headquarters. We are now keen to acquire land for comparable office schemes further south along the M1 corridor with Luton being the first. "We hope to commence construction of these buildings in early November, depending on a successful planning application with completion scheduled from May 2003. North Rae Sanders acquired the land for Hampton Brook Developments earlier this year and has now been instructed as joint marketing agents with Lambert Smith Hampton to offer the properties on a freehold or leasehold basis. For further details contact North Rae Sanders on (024) 7663 6888. CAPTION(S): SPECULATIVE: An artists impression of the new office scheme proposed at Capability Green |
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