LaSalle Receives Planning For 90,000 Square Feet Of Office Space At Bourne Business Park, Weybridge
April 15 2014 - LaSalle has announced that outline planning permission has been granted for 90,000 square feet of office space at Bourne Business Park, Weybridge.
LaSalle Investment Management (LaSalle) has announced that outline planning permission has been granted for 90,000 square feet of office space at Bourne Business Park, Weybridge.
Bourne Business Park is an established scheme of four office buildings extending to 114,615 square feet. The new development will consist of two further buildings of 40,000 square feet and 50,000 square feet, on a currently cleared site, which can be joined for an occupier if required. The consent has an excellent car parking ratio of 1:193 square feet, reflecting 470 car spaces. The development will be highly specified delivering efficient and flexible floor plates with double height receptions. An ancillary café has also been approved to provide added amenity to the business park. The Grade A office scheme will achieve a BREEAM ‘Excellent’ rating and is intended to capitalise on the success of the existing park and occupier demand for the wider area.
Tenants on the park include Michael Page, Thales and Misco UK.
Bourne Business Park is located within 1.7 miles of the M25 and the car parking ratio is one of the highest provisions of any office park in the region. It also offers a high quality landscaped environment.
The Weybridge area has developed from one of Surrey’s most sought after residential locations to one of the leading business locations west of London. The area benefits from a wide range of amenities with Weybridge town centre and Addlestone High Street located close by.
James Smith, National Director, LaSalle Investment Management commented, “The speculative development of these two high quality buildings is possible due to the proven success of the park and demand for this location. The decision has been further supported by the improving south-east office market and we intend to start development on site this year.”
JLL and Cushman & Wakefield are the appointed letting agents.
The following advised LaSalle Investment Management
Architect: tpbennett LLP
Landscape Architect: MacGregor Smith
Planning Consultant: Turley Associates
Structural Engineer and Flood Risk Engineer: Campbell Reith
Services Engineer and BREEAM and Sustainability Consultant: Hoare Lea
Transport and Highways Engineer: Vectos
About LaSalle Investment Management
LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, we manage approximately $82 billion of assets in private equity, debt and public real estate investments as of Q1 2022. The firm sponsors a complete range of investment vehicles including open- and closed-end funds, separate accounts and indirect investments. Our diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. For more information please visit www.lasalle.com and LinkedIn.
NOTE: This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.