Park News
26 June 2007
CHESTERFORD RESEARCH PARK OFFERS OFFICE SUITES
Chesterford Research Park, South of Cambridge, is offering smaller office space in its elegant Mansion House building on Vari-Lease terms suited to the needs of new and developing business.
Churchmanor Estates Plc and Morley Fund Management, joint developers of Chesterford Research Park, have launched a new Vari-Lease package, which gives incoming Mansion suite tenants the opportunity to take a one year contract or a longer lease with break options every six months after the first year in occupation.
Smaller office suites on Vari-Leases are available in unit sizes range in 342 sq ft to 1,869 sq ft, although these can be combined to form larger suites to suit individual requirements, with rent inclusive of heat, light, power, rates etc with only own telephone and data costs in addition.
This arrangement offers companies the most variable, cost-effective and risk-free way to move into office suites, without the need to commit to long term conventional leases.
Martin Sylvester, Director of The Churchmanor Estates Company plc, commented on the announcement: “Especially new, start-up businesses or those seeking a Regional presence, can have a need to be flexible in their business planning, the Vari-Lease package is designed to meet this need for flexibility.”
The Mansion House was originally built in the late 19th century, Churchmanor and Morley decided earlier this year that given its dominant position at the heart of the Park and the number and varying size of its individual rooms, it would be ideal to meet demand from start up or associated companies drawn from both the scientific and business communities.
The success of the Mansion House is evidenced by three businesses moving in since its completion. Cambridge Healthcare & Biotech, strategic advisors to biotech, pharmaceutical and healthcare companies in Europe and the US, is the latest occupier to join Cellcentric and Medivir at the Mansion House.