Birchwood Park has enjoyed another strong year, with the highest number of new lettings in its history.
The North West’s largest out-of-town business destination has let over 250,000 sq. ft. of space, with 44 office and warehouse spaces let to new and existing companies who expanded their premises.
The Park also saw a retention rate above 90% for the seventh time in nine years.
The Park’s success also coincided with a major milestone, as Birchwood Park celebrated its 25th anniversary. 25 years ago, following the sale of Birchwood Technology Park (then owned by the United Kingdom Atomic Energy Authority), Birchwood Park was created and the journey of growth with new occupiers and nuclear businesses began.
In May of last year, Birchwood Park completed the £16million 3rd phase of the Cavendish Warehouse scheme, which occupies 153,500 sq. ft of warehouse space on the park. All units were fully let on completion.
Recognised as one of the most successful centres for nuclear services in the UK, the Park remains focused on meeting its sustainability objectives, with the aim to become Net Zero in all managed areas and buildings by 2030 and 2040 for all occupier managed buildings.
Martin O’Rourke, Commercial Director of Birchwood Park commented: “We’re proud to report our most successful year since 2014. This remarkable retention rate and the growing number of world-class businesses on the Park is a true testament to our ability to adapt to meet to needs of our enquiries and the Park’s impressive range of amenities.
“Looking ahead, we anticipate another challenging year, however we will continue to be flexible and work closely with the large cluster of nuclear innovators based on the Park and do what we can to accommodate their needs and the needs of their supply chain . By catering to their unique requirements and bolstering their expansion efforts, we’re committed to sustaining their growth and development alongside our own.”
With a wide range of warehouse and office spaces available, including flexible small suites designed for growing businesses, the Park is hoping to continue to welcome new occupiers in 2024 while maintaining a strong retention rate.
