Four in a row for landlord and web design company

A Peterborough property agent and its landlord client are marking the fourth successive property letting in a decade to the same city-based web design and marketing company whose property requirements have grown in tandem with the business’s success.

As the agent acting on behalf of the private landlord client, Eddisons incorporating Barker Storey Matthews, whose office is on Thorpe Road, has recently let a 3,740 sq ft unit at Papyrus Road to Geek Designs who will move in to the new premises before the end of the year (2020).

The agent and the same landlord have helped Geek Designs with each of their property moves into larger premises.

The web design company’s commercial premises started with a 350 sq ft shared office in the Peterborough city centre, followed by a move to their own 540 sq ft premises at Tesla Court then expansion into a 1,350 sq ft office at Papyrus Road and now into their new, larger offices on the same development.

Ian Bridgestock, Director and Co-Owner of Geek Designs, commented, “We have seen a steady growth over the past eight years. Not only have we seen this as a business, but also within the city.

“Year on year, we have watched new companies establish themselves in Peterborough, and it is clear to see the city is thriving.

“Consequently, as Geek Designs has grown, it has been a natural progression for us to expand our team and office space.”

According to Julian Welch, who has worked with both landlord and tenant on all four lettings, the property moves of Geek Designs this past decade are typical of many Peterborough businesses whose first move is often from a home-office base.

He commented, “It is always gratifying to chart the business success of any SME (small to medium enterprise) and see this reflected in such companies’ increased property requirements as they grow from strength to strength in the city.

“This is not an uncommon story on Peterborough’s business scene.

“Additionally, what is of note in this instance, is that our client – the landlord – has been a constant feature too in the company’s property moves and growth in meeting their successive requirements for larger premises from his Peterborough property portfolio.

“This latest letting transaction at Papyrus Road is a testament to the benefits of an ongoing three-way working relationship between all parties – landlord, tenant and agent.”

For more information on offices and commercial premises to let in Peterborough, contact Julian Welch at the city office of Eddisons incorporating Barker Storey Matthews, tel 01733 897722, [email protected] or see eddisons.com/barker-storey-matthews.

New business unit developments now completed

The Huntingdon office of Eddisons incorporating Barker Storey Matthews has confirmed completion of the sale of all the units at Oak Court at The Lakes Business Park in St Ives where its companion development, Chestnut Court, is almost fully occupied with just one unit remaining.

The two schemes total 14 brand new business units and range in size from 1,300 sq ft to 3,400 sq ft. The units have been taken by a mixture of local and regional occupiers as well as some private investors.

The new operators add to the complementary blend of occupiers at The Lakes Business Park. Small and medium businesses there have been attracted by the site’s excellent location, the ‘de-trunked’ former A14 which now operates as the A1307 and provides good access to the surrounding area.

Oak and Chestnut Court follow on from the success of Willow Court within the setting of The Lakes Business Park development which is now fully let.

Eddisons Director, Richard Adam, who handled the sales and the lettings, commented, “Oak Court and Chestnut Court have been shining examples this year in reflecting ongoing activity and sales completions.

“The units have proved popular because they are, relatively, affordable for small companies and can be adapted to suit individual requirements, including extension of office space.

“There is a single plot remaining at The Lakes Business Park site which the owners intend to develop next year (2021).

“We are already in conversation with a number of local companies who are wanting to plan forward for their business growth.

“And while the market is, undoubtedly, going to be a tough one in the coming quarter, we are sensing that 2021 will be brighter for business and, hopefully, lead to continued activity in the industrial unit sector.”

For more information on industrial property availability in the Huntingdon area, contact Richard Adam at the local office of Eddisons incorporating Barker Storey Matthews here eddisons.com/barker-storey-matthews.

New restaurant premises are on the menu on Newmarket High Street

Restaurant premises within the distinctive Doric building and former cinema on Newmarket’s High Street have been let for use as a new Turkish restaurant, confirms the Cambridge agency of eddisons.com/barker-storey-matthews Eddisons now incorporating Barker Storey Matthews who were joint agents under instruction. The 3,120 sq ft (290 sq m) ground floor premises are at 146 High Street and have an impressive frontage as part of ‘The Grosvenor’ redevelopment at the junction of The Avenue in the Suffolk town.

Laurence Gercke of Eddisons incorporating Barker Storey Matthews was certain that the 146 High Street premises were always likely to attract independent restaurateurs who have a niche offering.

He explained, “It is a distinctive building, close to The Jockey Club and the Palace House setting of Newmarket town centre, at the racecourse end of the High Street.

“This part of Newmarket has undergone a transformation in the past few years and 146 High Street is part of the latest phase of redevelopment under The Grosvenor scheme, with Grosvenor Yard to the rear.

“The extensive ground floor premises give the new restaurant owners a chance to make their mark here with the menu and the interior style.”

For more information on restaurant or retail premises to let in the Newmarket area, contact Laurence Gercke at the Cambridge office of Eddisons incorporating Barker Storey Matthews, tel 01223 456155, [email protected] or through eddisons.com/barker-storey-matthews.

Consolidation of acquisition sees complete suite of property services now in place

This month sees the consolidation of Eddisons’ acquisition of Barker Storey Matthews, with the latter now designated as ‘Eddisons incorporating Barker Storey Matthews’.

The deal was announced in April last year (2019) when the entire share capital of Barker Storey Matthews was acquired by Eddisons, a wholly owned subsidiary of Begbies Traynor plc.

Work since then has seen the integration of Barker Storey Matthews’ personnel and business infrastructure and its systems, policies and procedures, culminating in full amalgamation this autumn (2020) with its four offices – in Peterborough, Cambridge, Huntingdon and Bury St Edmunds – now operating as the Eastern Region of Eddisons’ UK regional network of 20 office locations.

Commenting on the completion of this final stage of the acquisition deal, Steve Hawkins, Partner, said, “The re-badging of the brands marks the conclusion of the acquisition process which, to the credit of our teams and clients, has gone smoothly, in spite of the vagaries of spring’s business lockdown.

“Our combined office network is well placed to offer the complete suite of property agency and professional services to clients whose business and property interests span the UK.”

Find out more 

For any press queries, please contact:
Richard Jones, Eddisons incorporating Barker Storey Matthews, 01733 897722, [email protected].