果冻影院

Demand for high-quality, energy-efficient office refurbishment in central London is spreading to other major cities.

The July 果冻影院 Construction Review shows that detailed office planning approvals in London were worth 拢1,882 million in the second quarter, twice the value in the period a year earlier.

Major office renovation projects where work has started in the capital recently show how developers are adapting space to meet employers鈥� need for premium quality offices. They include the 拢72 million Adelaide House Refurbishment at London Bridge (Project ID: 20174994) and the 拢7.4 million conversion of the former Academy of Theatre Arts in Islington (Project ID: 22445725).

Trend for refurbishment

But the also points to a significant growth in office work in the pipeline in the regions which suggests the trend for refurbishment is extending beyond the capital.

Sharp increases in the value of detailed consents for office schemes in the second quarter were seen in the North West (where approvals doubled compared to last year to 拢444 million), the South East (doubled to 拢291 million), Wales (rising six-fold to 拢119 million) and Yorkshire & the Humber (more than tripled to 拢138 million).

Privately-owned is one major London-based developer which is taking advantage of the growing demand for high-quality space in the regions. It has recently launched a 拢35 million capital investment programme which it says will transform its 500,000 sq. ft. regional office portfolio, which includes seven offices in Manchester, Birmingham, Bristol, and Leeds. The aim, it says, is to create best-in-class office stock by improving environmental performance and on-site amenities.

Strong environmental performance

Grosvenor investment director Nathalie Hakim recently said: 鈥淎cross the UK鈥檚 leading regional markets there is high demand and limited supply of prime office stock with first-class amenities and strong environmental performance鈥�. we anticipate will be a growing demand for a market leading office product with low operational and embodied carbon.鈥�

Work has recently started on Grosvenor鈥檚 largest refurb project, a 拢25.34 million scheme at 134 Edmund Street in Birmingham where a year-long programme of works includes an upgraded heating and cooling system, a new arrival area, a business lounge, caf茅, and gym (Project ID: 22335027).

Meanwhile, one of the largest regional office projects in the country should get underway in Bristol next year when work is set to start on a 拢100 million refurbishment and extension of Dyson Technology鈥檚 building at 1 St George鈥檚 Square. Detailed plans have been submitted for the scheme - which includes landscaping and the installation of a water source heat pump - which is set to run for 12 months (Project ID: 23139932).

Growing demand for Grade A, energy-efficient office space is also generating opportunities for new renovation contracts in the North West. In Manchester, M&G Investments has recently submitted detailed plans for a major 拢50.65 million office extension/alteration project at 50 Moseley Street (pictured) in the city involving work over nearly 23,000 sq m of office space where work is set to start early in 2024 (Project ID: 23071330).

Elsewhere in the North West in Warrington, Tilbury Douglas has been appointed as the main contractor on Project Springboard, a 拢14.6 million office refurbishment for client Element Materials Technology. Work on the scheme has recently got underway and is set to run for eight months. (Project ID: 23240771).

Across the Pennines in Leeds, detailed plans have been submitted for a 拢13.6 million office extension at 31 Wellington Street for client Asset Capital involving the partial demolition of an existing building and construction of rear and rooftop extensions. Work is set to start early in 2024 and run for 13 months (Project ID: 23071319).