Tritax Property Income Fund has been awarded planning consent for the comprehensive refurbishment and reconfiguration of 1 Furzeground Way, the vacant landmark office building at Stockley Park, Uxbridge.
Totalling circa 70,000 sq ft., the office building is situated in one of Europe’s pre-eminent business parks with close proximity to the M4, M25 and Heathrow Airport.
The planned programme of works includes a repositioned entrance, triple-height atrium with new collaboration space, new showers, changing and cycle store facilities and a new external terrace overlooking the adjoining lake. Designed by TP Bennett, the development gives high regard to sustainability, wellbeing and connectivity, targeting a “Very Good” BREEAM rating and Wired Score “Gold”. A key focus will also be placed on green space and internal greenery to complement Stockley Park’s 150 acres of parkland, lakes and landscape areas.
This is the first office redevelopment project undertaken by Tritax Property Income Fund. Oakmont Construction has been selected as preferred main contractor. A start on site is anticipated in February 2020, with practical completion expected by the end of the year.
Marick Real Estate is the development manager and Knight Frank is the leasing advisor.
Tim Legge, Fund Manager, comments:
“The reinvention of 1 Furzeground Way will deliver a truly unique, reinvented Grade A product into the Heathrow and wider Thames Valley office market, where only two new schemes have started on site in the past six months. With occupiers’ requirements increasingly focused on well-connected locations, the easy access to the motorway network and being within easy reach of two Crossrail Stations, 1 Furzeground Way can readily satisfy this demand.