Deal completed for office development at Pioneer Park

Deal completed for office development at Pioneer Park

Planning permission has been gained for a major office development at Pioneer Park in Leicester. 

As part of Leicester’s regeneration plans, commercial development business, Brackley Property Developments Ltd., has completed a deal at Pioneer Park to build a new office space for Leicester City Council. The offices will be situated in Dock II of Pioneer Park, comprising a 26,400 sq. ft. building designed as a hub for businesses in the science and technology sectors. Construction of the scheme is due to begin in May 2020 and complete in early 2021. 

Brackley Property Developments Ltd. focuses on the local and regional market within the office, industrial and warehouse sectors and have been involved in a number of schemes in and around Leicester.  

Law firm, Shakespeare Martineau, advised Brackley Property Developments Ltd. on all legal aspects of the deal, including the development and funding agreements with the Council. 

Peter Dilks, partner and real estate specialist at Shakespeare Martineau, said:

“Regeneration is a vital part of any city, and Pioneer Park will give Leicester City Council a modern new building to enable more high tech SMEs to locate to this innovative technology park. Brackley Property Developments Ltd. is a highly knowledgeable business, and it has been great to work with them on yet another high-quality development opportunity. We look forward to assisting Brackley Property Developments as the Dock II scheme progresses” 

Stephen Pedrick-Moyle, managing director of Brackley Property Developments Ltd., said:

“We are thrilled to have been selected by Leicester City Council to develop this exciting scheme which we hope will attract new businesses and allow existing businesses in the area to expand within this key regeneration scheme.  

“In line with current Government advice to the construction industry, our contractor Stepnell will be operating the site under strict guidelines and procedures published by the Construction Leadership Council.  These align with the latest guidance from Public Health England and will be under continual review.” 

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