New details have been revealed about Bracknell’s HP Enterprise base transformation plans following the announcement of Hewlett Packard’s departure.
A joint venture could see the creation of a 350,000 square foot business park on the Cain Road site.
The âNetwork Westâ space should be divided into 24 units for local, regional and national businesses.
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According to the business park owners, the site’s benefits make it an âideal locationâ for data centers or film production facilities.
The real estate company Hines is one of the three groups behind the transformation of the site.
Greg Cooper, Industrial and Logistics Director of Hines UK, said: âWith excellent motorway links and the ability to serve such a large proportion of the population, Network West offers a fantastic opportunity for companies looking to expand or relocate their businesses. activities.
âThe site’s wider appeal to data center users and film production companies, a number who have already inquired about custom installations, is another avenue we are exploring. “
Developers Chancerygate is another of the groups involved in the redevelopment project, alongside Credit Suisse Asset Management Global Real Estate.
Chancergate Development Manager Alastair King said: âOur development project will be the largest we have ever built and reflects the confidence we have in the industrial and warehousing space market, which is driven by demand. particularly strong potential occupants in this region.
âThe fact that so many online retailers have used additional warehouse space in recent months to change their supply chains has reduced supply.
âAs a specialist in speculative development, the combination of an attractive site and a healthy dynamic between supply and demand has created the perfect opportunity for us to play on our strengths alongside our joint partners. venture.
An urban planning request to demolish the existing buildings on the site and replace them with warehouses and industrial spaces designed for the business park was validated by the Bracknell Forest Council in July.
However, the council has yet to make a decision on the plans.