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Businesses looking for space in Essex and Suffolk as part of ‘hub and spoke’ strategy

Businesses looking for space in Essex and Suffolk as part of ‘hub and spoke’ strategy

Many commercial property occupiers are reassessing their requirements and looking for premises in Essex and Suffolk while keeping a smaller base in London, according to agent Fenn Wright.

Partner Alistair Mitchell said: “The Covid-19 pandemic has led to a significant change in working patterns with a large number of businesses now embracing alternative solutions. Speaking to occupiers it is clear that a variety of options are being carefully considered to improve productivity and reduce overheads, whilst creating new recruitment opportunities and providing staff with a better work-life balance.

A number of business owners we have spoken to have identified that a ‘hub and spoke’ strategy will be the way forward for them in the future, retaining a smaller London base coupled with strategically located regional offices, close to where their employees live.” One new development being built in Needham market, Chesters (photo), offers an opportunity for businesses looking to secure offices likely to come to the market in the area, is available from early next year.

Last Updated ( Monday, 19 October 2020 09:33 )

 

Planning permission given for major new public service development in Bury

Planning permission given for major new public service development in Bury

Planning permission has been granted for a multi-million-pound ‘public service development’ in Bury St Edmunds which is designed to combine public services with em...

Last Updated ( Monday, 19 October 2020 09:05 )

Keen appetite for warehouse space keeps industrial property sector ahead

Keen appetite for warehouse space keeps industrial property sector ahead

Firms’ appetite for new industrial units has stayed ‘keen’ in the region during the lockdown with a steady take-up of warehouse units by both manufacturers and r...

Council buys former BT office site in Ipswich for £4.1 million for affordable housing

Council buys former BT office site in Ipswich for £4.1 million for affordable housing

An Ipswich Borough Council -owned company has bought a town centre site which was formerly a BT office block for £4.1m with plans to build nearly 80 new affordable fl...

Last Updated ( Tuesday, 28 January 2020 10:00 )

New infrastructure needed for Oxford-Cambridge Arc to reach its potential

The Oxford-Cambridge Arc has the potential to create up to 1.1 million new jobs by 2050 if the new infrastructure needed is delivered, according to research from Savill...

Last Updated ( Tuesday, 19 November 2019 09:09 )

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