News

Salmon presses ahead with Windsor Business Quarter

Mar 28, 2014

Salmon Harvester Properties Limited, a joint venture between Salmon Developments and NFU Mutual, has implemented the planning consent and almost completed the demolition of the existing building at 67 Alma Road in Windsor, a 4.6 acre site acquired by NFU Mutual in June 2013. The 242,000 sq ft grade A office scheme is now ready for a pre-let and was launched by JLL to the market this week.

Rorie Henderson, Development Director at Salmon comments, “The site has planning consent for an office campus of up to 242,0000 sq ft across four buildings. This consent needed to be implemented by February, so we have demolished the former Six Continents Hotels headquarters building and have taken the scheme to market, which has been rebranded Windsor Business Quarter.

“Our intention is to secure a pre-let and clearing the site has fast tracked that process for any potential tenant. This is the first step in bringing forward an exciting new business quarter for Windsor and a fantastic opportunity for an occupier to acquire business park floorplates within a well-connected, town centre environment.”

James Finnis at JLL, sole letting agent comments, “Windsor Business Quarter will offer tenants the opportunity to locate to an inherently sustainable, urban business park in a town centre location with a wealth of heritage and amenities.  The scheme offers top quality space with large flexible floor plates   Windsor enjoys an extensive transportation network with two rail stations, with a connection to Crossrail via Slough in 2018, and excellent motorway connectivity providing access to a wide range of employees.

“The replacement rate in the Western Corridor remains low – the demolition of the former building on site puts Windsor Business Quarter in prime position to attract a pre-let tenant.”

Windsor Business Quarter will sit within a 4.6 acre landscaped site and provide up to 242,000 sq ft of grade A office space across four buildings, arranged around a central square and adjoining the Vansittart Recreation Ground. The scheme includes plans for 495 car parking spaces and a café/restaurant at ground floor level. The guide rent is £35 per sq ft and the end value is well in excess of £100 million.

Of the four buildings, two will be approximately 50,000 sq ft net and two 70,000 sq ft net, arranged on four and five storeys respectively.