01625 588 200
03.27.2012
Orbit Developments Signs Multinational Deal at Park Square
Author
dawndev

Orbit Developments has let over 12,000 sq ft of officeaccommodation at Park Square in Cheadle to Welspun UK, the supplierof the UK’s No 1 Branded towel, ‘Christy’.  This UK businessis a subsidiary of Indian based Welspun Global Brands and suppliesbed linen and towels through its own network of shops and to theUK’s leading retailers.

As part of the 10-year deal, approximately 50 employees areexpected to make the move from Christy’s current base in Hyde,Cheshire, and Park Square will now act as the head office,providing space for both office accommodation and showroomfacilities.

Rhys Owen, leasing surveyor at Orbit Developments, commented:”It’s fantastic to see a global business choosing to base itself inthe Stockport borough. Welspun were looking for modern offices thatwould make a lasting impression on their prestigious client baseand visitors, at an affordable and good value rate. With its ampleparking, modern reception and onsite café, Park Square hassuccessfully managed to exceed those expectations and within asensible budget.”

Robert Walker, Chief Executive of Welspun UK, commented:”Welspun are delighted to announce our relocation to Park Square,Cheadle after a wide office search in the South Manchester market.Park Square matched our requirements perfectly and offersaffordable yet impressive modern office accommodation in awell-placed environment. In addition, Orbit Developments workedclosely with our advisors Altus Edwin Hill throughout the processensuring a smooth transition and we are looking forward to themove”.

It is the second significant Park Square deal Orbit has signedin as many weeks after it doubled the amount of officeaccommodation let to Jacobs Engineering. The US-owned consultancyincreased its floor space to 22,500 sq ft, taking over the entire2nd floor at Park Square.

Tony Jones, Managing Director of Orbit Developments comments,”This significant letting demonstrates the unique appeal we offeras Stockport’s local landlord to businesses seeking the rightoffice space for their individual requirements.

He continued: With ownership of over 400,000 sq ft of officespace in the town, we pride ourselves on establishing goodrelationships with our existing customer base and offer tailoredoffice solutions to new customers ensuring we meet budgetrequirements. We have witnessed significant letting activity inStockport over the last six months and this is testament to thebespoke solutions we provide. Schemes such as the redevelopment ofGrand Central will not have the benefit of working with an existingcustomer base and will therefore have its work cut out for thescheme to be viable.”

Welspun UK was advised by Altus Edwin Hill. DTZ and GVAacted for Orbit Developments.

 

Park Square is one of south Manchester’s biggest officebuildings, with one of the largest single floor plates in theregion. The 133,000 sq ft office building underwent a majorrefurbishment to its reception area and officesuites earlier this year. To date, Orbit has investedapproximately £1.6 million in the six-storey office building.

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