#UK £7m revamp of ex-Sepura HQ eases Cambridge office crisis

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Radio House Cambridge

A £7 million makeover of Sepura’s former Cambridge city centre HQ is set to alleviate a critical shortage of Grade A office space in the burgeoning technology cluster, Business Weekly can exclusively reveal.

Agent Bidwells is hoping one of the city’s fast growing tech players or a major UK business keen to relocate to Cambridge will go ‘radio gaga’ for Radio House.

The revamped space will provide 43,388 sq ft over ground and first floors and will be available this summer. Bidwells says the spec is one of the highest Cambridge has seen.

Radio House is in Chesterton and is situated between the city centre and the northern fringe business parks; it has 114 dedicated car parking spaces and 156 covered bicycle spaces.

When complete it will meet BREEAM excellent ratings and provide a striking new double height main entrance, floor to ceiling glazing to the south with views overlooking Logan’s Meadow, a new air conditioning system, suspended ceilings on the ground floor and a ‘wavy’ roof on the first floor.

Sepura vacated the building when it moved to a new HQ at Cambridge Research Park. The quoted business is in the throes of acquisition by Chinese corporation Hytera.

Will Heigham of Bidwells, told Business Weekly: “Our latest data shows office market take-up exceeded 500,000 sq ft for the fourth successive year, a clear indicator that occupiers are still wanting to move to the city or upgrade to larger premises.

“Finding Grade A office space in Cambridge is a huge challenge at the moment because office supply levels have fallen to the lowest level for 15 years and availability rates are down to just 8.5 per cent. This means there is very little space available, let alone units of over 10,000 sq ft.

“Since One Station Square at CB1 was fully let, there is a shortage of available large Grade A office buildings. Radio House’s imminent completion therefore represents a real opportunity for existing Cambridge occupiers looking for new open plan expansion space or new entrants considering establishing themselves in Cambridge, one of the leading R & D centres in the world, which makes it a perfect location for hi-tech businesses.

“A huge amount of money has been invested in upgrading Radio House and it will provide efficient and substantial open plan floors, with flexible floorplates, that will appeal to a wide variety of occupiers from professional services to the technology sector.”

Cambridge is the home to a range of well known R & D, technology and life sciences companies such as Amazon, Illumina, AstraZeneca, Napp Pharmaceuticals, Samsung, Hewlett Packard, Toshiba, Microsoft, Amgen, Citrix, Huawei, Qualcomm and Apple.

More details on Radio House are available from Will Heigham on 01223 559 443.

from Business Weekly http://ift.tt/2kUscmJ

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