Crest Nicholson and Aviva Investors launch 850,000 sq ft Longcross Park to market
Crest Nicholson and Aviva Investors have launched a major new M25 office location to market. The joint venture has planning permission to deliver an 850,000 sq ft grade A modern office space and data centre development. The scheme, called Longcross Park, situated in the heart of Surrey, is to be supported by retail, food and beverage and leisure space including a gym and childcare facilities.
The park is being marketed on a pre-let basis with build to suit options ranging from a single building to an entire campus to incorporate spaces from 30,000 sq ft upwards. A 12,000 sq ft “Discovery Building” will offer a focal point for the whole community, housing a coffee shop, delicatessen and studio space.
Longcross Park is also an Enterprise Zone, the closest to Heathrow Airport, with the ability to offer business rate exemption to eligible occupiers.
Businesses locating at Longcross Park will benefit from a dedicated train station with regular services to Reading and London Waterloo, and which is undergoing a £1.45m enhancement programme. The M25 and M3 are accessible within a 10 minute drive time.
Longcross Park is part of the 300 acre Longcross Garden Village. The first phase of residential, Upper Longcross (108 homes), was launched to market in April 2017 with residents now living there. Longcross Garden Village is a major place-making project that will provide a total of 1,700 homes in addition to community facilities such as a school and an 85 acre country park. It is anticipated that the development will create approximately 5,000 jobs.
Tim Jones, Development Director for Crest Nicholson, said: “Longcross Park’s excellent location and comprehensive masterplan offers occupiers bespoke build to suit solutions for their office needs. The site has a long history as being a significant source of employment and the development of Longcross Park will ensure the area remains a key employment zone and economic contributor to the wider region.”
Barry Hill, Head of UK Direct Real Estate – Asset Management – at Aviva Investors, added: “Occupiers will benefit from excellent connectivity in addition to business rate exemption through our Enterprise Zone status. Surrey boasts an economy worth £37.5 billion and is home to some of the UK’s largest corporations in addition to a talented labour pool. Longcross is more than an office park or residential development – it is a new village offering a location to live, work, play and learn. With the ability to deliver build to suit solutions, Longcross Park is able to respond to the needs of the future workforce.”
Large areas of green space will be available to existing and new residents and workspace employees to create an integrated community.
Longcross Park is currently home to Longcross Studios where a string on Blockbuster movies and special effects are made.
Longcross Park is being developed in a joint partnership between Crest Nicholson and Aviva Investors who bring an combined track record and wealth of experience in development and investment to the project.
Colliers is acting on behalf of Crest Nicholson and Aviva Investors.
For more information, please contact:
Richard Stocks, FTI Consulting: Richard.Stocks@FTIConsulting.com / 020 3727 1487
Emma Hammond, FTI Consulting: Emma.Hammond@FTIConsulting.com / 020 3727 1227
About Longcross Park – www.discoverlongcross.co.uk
Longcross Park, a joint venture between Crest Nicholson and Aviva Investors, is part of the 300 acre Longcross Garden Village. Planning permission has been secured to deliver a high-quality HQ office park and Data Centre development, which will be supported by retail and leisure amenities to potentially include a gym and childcare facilities. Longcross Park is the closest Enterprise Zone site in the country to Heathrow, and is the only site to be designated as both an Enterprise Zone and Garden Village. It is currently home to Longcross Studios where a string of Blockbuster movies are made.
The first phase of residential, Upper Longcross, has been launched which is being delivered as part of a major place-making project to provide up to 1,700 homes and community facilities including a school and an 85 acre country park.
Longcross Park includes:
- Planning consent for 850,000 sq ft of “Grade A” offices, master-planned around a linear park
- Planning consent for 385,000 sq ft of Data Centre uses
- Proposals for retail and leisure facilities, including cafés and a convenience store
- An on-site train station serving London Waterloo and Reading
- Bespoke build to suit opportunities for companies looking for 30,000 sq ft up to a whole campus