The Business Exchange Swindon & Wiltshire November 2014 | Page 18

COMMERCIAL PROPERTY

New office refurbishment
yields immediate success
Having recently completed a comprehensive
refurbishment of Stirling House, Ashville Asset
Management are delighted to welcome Capita
Travel and Events to the property.
Comprising 10,518 sq ft, Capita have
leased the first floor leaving just the ground
floor of 10,520 sq ft available.
Giles Weir of JLL commented: ”It’s a
great result. Ashville acquired the building
on behalf of clients earlier this year and
then swiftly committed to a refurbishment
which has brought an instant result. There
is so little good quality space in the town at
present we need more landlords to do the
same and then perhaps they can enjoy the
same success. The office market in Swindon
is enjoying a bit of a renaissance at present
and there are positive signs that this is set
to continue.”
Joint agent Bradley Forbes of Loveday
added: “Total availability is at its lowest
level for 10 years at only 790,000 sq ft
against 1M sq ft at this time last year. In
essence we now have a two tier market
– good quality stock where quoting rents
are now moving higher than pre-recession
levels and poor quality buildings which

FIRST FLOOR NOW LET

HIGH QUALITY AIR CONDITIONED
MODERN OFFICES
REFURBISHED TO A HIGH STANDARD
EASY ACCESS TO M4
FIRST FLOOR NOW LET
10,520 SQ FT AVAILABLE WITH
40 CAR PARKING SPACES

18

THE BUSINESS EXCHANGE 2014

will remain vacant unless extensively
refurbished or converted to alternative
uses. Landlords not proposing or able to
benefit from conversion to alternative uses
are well advised to consider investment in
refurbishment now we are firmly in a rising
market. Ashville’s strategy at Stirling House
has proved to be the right one and has
reaped the rewards.”
Grade A accommodation meeting the
latest environmental standards and also
providing top quality accommodation for
their staff and directors. The proximity
of Kimmerfields to the station for ease
of access for employees, plus the added
advantage of employees being able to
shop and meet their friends at lunchtime
is now overriding the historic requirement
of certain companies to be located close to
motorway junctions.”
For more information visit:
www.kimmerfields.com