Mr Garry added: "Whilst we plan to develop the site speculatively
, we are confident that its prominent position will attract considerable pre-let interest from retail and leisure occupiers which will be incorporated into comprehensive development plans for the site."
One of the biggest beneficiaries of this has been Celtic Springs Business Park where AWG Dev- elopments/Broadhall have let large space which has encouraged them to further speculatively
The new building, which sits at the entrance to Estuary Commerce Park, was speculatively
built by UK Land and Property through its subsidiary company Intercity JIS.
"Whilst many can see the demand for new space, there is unwillingness on the part of investors and developers to build speculatively
in the current economic climate, further contributing to the lack of large stock.
A lot of these buildings are built speculatively
and depend on tenants to generate returns.
Ian Steeleat CBRichardEllis said: ``It is great news for Speke and Merseyside as a whole that UrbanSplash has committed to speculatively
building this next phase.
The site was brought speculatively
by Hinton Properties and the design was negotiated with the planning authorities.
On the back of its success, Evans are to speculatively
building a further six units.
Partner with the Cardiff office of Knight Frank, Matthew Phillips, explains why there is need for quality new office stock in the capital THERE IS now a chronic lack of Grade A office stock available in Cardiff, due to a surge in take up of existing office stock over the last six months and the fact developers have not been speculatively
constructing new stock.
built factories - ranging in size up to about 50,000 sq ft - will be developed in the Objective 1 area of Wales which covers counties including Anglesey, Gwynedd, Conwy and Denbighshire to complement and bring added value to projects under the EU-funded programme.
Altitude, a speculatively
developed warehouse of 148,915 sq ft at J6 of the M6 is close to exchanging on a freehold deal with a local occupier.
The site will be completed when high-specification speculatively
built units are constructed.