Chester Properties & Carval Investors Launch The First of Three Roundwood Buildings at Stockley Park

Chester Properties & CarVal Investors have launched 3 Roundwood Avenue, the first Grade A refurbishment of its trio of Roundwood Buildings at Stockley Park, an established business park near Heathrow. The launch comes at a time when available refurbished Grade A accommodation in the park is low.

"Stockley Park is one of Europe's most successful and sought after business parks and high quality office space is limited" said Michael Landers, Director at Chester Properties. "These highly efficient buildings will offer tenants a broad range of bright, spacious, open and adaptable office space options in Stockley Park".

An extensive refurbishment has been carried out at 3 Roundwood to provide 21,582 sq ft first floor grade A accommodation, a remodelled reception and refurbished common areas. Crucial upgrades to the M&E have been made to allow an occupational density of 1.8 sq m, something modern occupiers are increasingly demanding as they drive greater efficiencies from their buildings. The ground floor of 3 Roundwood is leased to Activision.

When the two remaining buildings at 1 and 5 Roundwood Avenue are delivered in early and mid 2015, the Roundwood Buildings will be able to accommodate requirements from 8,000 to 46,000 sq ft.

The launch of 3 Roundwood follows on from the successful letting of 2 Longwalk Avenue, also refurbished by Chester Properties and CarVal Investors on Stockley Park, to Lucozade Ribena Suntory Ltd last year.