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IT’S A CAPITOL MOVE FOR FINANCE YORKSHIRE
Finance Yorkshire, the new £90 million fund set up to help businesses across the Yorkshire and Humber region, has chosen the award-winning Capitol Park, Barnsley, for its headquarters.
Finance Yorkshire is taking 4,200 sq ft at 1 Capitol Court in the heart of the 36-acre Capitol Park, by Junction 37 of the M1. It is paying £15 per sq ft on a 10-year lease.
Martin Croxen, the chief executive of Sterling Capitol, the developers of Capitol Park, commented: “We are delighted that Finance Yorkshire has decided to take space within One Capitol Court. This is a ringing endorsement of Capitol Park, Barnsley, which is now proving to be a very popular business location for quality businesses.
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“As developers we at Sterling Capitol have a proven track record in delivering highly successful business parks in prime motorway locations in Yorkshire. Capitol Park Thorne and Capitol Park Leeds have revitalised their communities and created more than 2,500 jobs between them. I am delighted that Capitol Park Barnsley is proving equally successful,” said Mr Croxen.
One Capitol Park, which comprises 30,000 sq ft of office space, has been developed by Sterling Capitol, in conjunction with Priority Sites, the leading urban regeneration specialist.
The offices are be an integral part of the Capitol Park scheme which also includes a hotel, a pub, seven occupied hybrid units and provision for a 250-space park-and-ride facility, as well as a further 400,000 sq ft of industrial and office accommodation.
The whole development has been supported by a £2.65m public sector grant from Objective One and has been carefully planned and brought forward working closely with Renaissance South Yorkshire, Yorkshire Forward and Barnsley Development Agency.
Martin Croxen, Chief Executive of Sterling Capitol adds: “We are enjoying working in partnership with Priority Sites, who have an excellent track record in providing high quality commercial premises, suitable for a wide variety of business needs. The site is now coming of age and its first-class occupiers and their businesses are having a very significant impact on the local economy, contributing to a very prosperous future for Barnsley.”
Lee Buchanan, Development manager of Priority Sites adds: “Capitol Court exemplifies perfectly the high quality office accommodation that Priority Sites provides across the country. We are delighted to be welcoming another new tenant to the building, knowing that a dynamic organisation like Finance Yorkshire will have a direct impact on boosting the local economy.”
Richard Smith, who led the team at hlw Commercial Lawyers which advised Priority Sites, commented: “It’s encouraging to see the completion of such a deal, which is vital to the local economy. Finance Yorkshire moving into landmark offices in Barnsley is a real boost for local businesses, and we look forward to working with Priority Sites on other exciting developments in the coming year.”
Priority Sites, the partner to Sterling Capitol on this development, is a unique joint venture between The Royal Bank of Scotland and Housing and Communities Agency, and has built nearly four million square feet of commercial premises to date. The company works closely with local councils, regional development agencies and urban regeneration companies throughout England to regenerate sites which other developers may decline or find difficult to deliver quickly.
Capitol Park is being marketed by the Leeds and Sheffield offices of global property consultancy Knight Frank and by Chris Rowlands & Co of Barnsley.
Tim Bottrill of Knight Frank said: “Finance Yorkshire’s decision to take space in One Capitol Court shows justified confidence in a great building in a great business park. With Business Link already occupying the same building, it is really a hub of Yorkshire business enterprise. There is still 6,000 sq ft of quality office available in Capitol Court, which should prove very attractive to potential occupiers.”
Finance Yorkshire will provide seed-corn, loan and equity investments ranging from £15,000 to £2 million to help small and medium businesses raise the funding they need, alongside investment from the commercial market.
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