Acting on the instructions of the freehold owners, Burry & Knight Ltd, Cowling and West are pleased to announce the recent letting of 1 Embankment Way, Ringwood to McCarthy & Stone Retirement Lifestyles Ltd.
This modern high quality business unit occupies a prominent location in the Castleman Business Area to the South East of Ringwood town centre. Extending in total to 10,750 sq ft, the building provides a mixture of office and industrial accommodation set on a site extending to approximately 0.85 acres. The building benefits from excellent levels of car parking and was offered in the market at a commencing rent of £75,000 pa.
McCarthy & Stone Retirement Lifestyles Ltd have acquired the property to house their new South West Regional Office. Shane Paull, Regional Managing Director (South West) of McCarthy & Stone Retirement Lifestyles Ltd said “1 Embankment Way is an ideal location for our new South West Regional Office, enjoying as it does excellent road communications enabling us to serve our 30 sales and construction sites across the South West. The flexibility offered by the building has enabled us to create a design to meet the future needs of our new Regional Headquarters. We are very much looking forward to moving into the building on completion of our fit-out works”.
Tim Titheridge, Director at Burry & Knight Ltd said “We are delighted to have completed this important letting to McCarthy & Stone Lifestyles Ltd and we look forward to working with them in establishing their new Regional Headquarters”.
Simon West, partner at Cowling and West said “In recent years Ringwood has become an increasingly popular location for both industrial and office occupiers because of the vehicular access that it offers to both the Bournemouth/Poole conurbation and the greater M27 urban area. The building attracted considerable interest when it was offered in the market place and we are delighted to have been able to complete the letting to a company of the stature of McCarthy & Stone”.
