Leading commercial property specialist Stoford in conjunction with Ignis UK Property Fund is meeting a growing demand for upgraded office space by driving the £2 million redevelopment of Ellenborough House in Cheltenham.
Landlord, Ignis UK Property Fund, has appointed the Birmingham-based company as development manager for the project.
Rickerbys LLP, one of the region’s leading Law firms, will occupy the ground and the larger parts of the first and second floors following the refurbishment and fit out to Grade A office standards.
Stoford is working with Quantum Construction on the elegant 47,000 sq ft Regency façade building at Wellington Street in the heart of a Conservation Area.
Quantum is stripping down the bare walls, fitting new aluminium-frame windows, and installing new roof-mounted plant for modern heating and cooling services.
With refurbishment work carrying on around its staff and clients, Rickerbys has temporarily relocated its reception, meeting rooms and commercial teams in a phased programme that is scheduled for completion in summer 2011.
Anne Compton, Managing Partner, said: “Our new environment will put us right at the forefront of the legal services market, with upgraded facilities for our clients and improved working conditions for our staff.”
Dom Stokes, Stoford Director, commented: “We are delighted to be bringing a new lease of life to a beautiful historic building and at the same time reviving the commercial property market.
“With new-build projects thin on the ground in this economic climate, upgrading existing accommodation is a viable alternative for companies wishing to expand or relocate, as well as the answer for landlords wishing to attract new tenants.”
Stoford has already completed a similar project to restore Birmingham’s grand former Stock Exchange building in Great Charles Street, where tenants EFG Private Bank now benefit from larger and more efficient office space.