Goodman announces new office pre-let with Horizon Nuclear Power at Gloucester Business Park+

20 Mar 2014

Global integrated property group, Goodman has agreed a 51,787 sq ft pre-let at Gloucester Business Park to develop new headquarters for UK nuclear energy specialists, Horizon Nuclear Power. The company will move into its bespoke headquarters in 2016, once the build has been completed. 

The new building will also allow the company to accommodate its rapidly growing headquarter workforce, with the opportunity to expand to 67,000 sq ft.

Horizon already occupies 20,000 sq ft at Gloucester Business Park and Goodman, which owns, develops and manages the Park, has agreed to let an additional 16,500 sq ft to Horizon, until its state of the art headquarters is completed.

Horizon Nuclear Power is a UK energy company developing a new generation of nuclear power stations to help meet the country’s need for stable and sustainable low carbon energy. The company is a wholly owned subsidiary of Hitachi, Ltd. It is currently planning to deliver at least 5,400MW of electricity, enough power for up to 10 million homes, by around 2025. 

James Raven, Development Director, Goodman UK Business Parks said: 

“This pre-let is a very positive announcement for Gloucester Business Park and the local area. Horizon’s expansion at the Park demonstrates its commitment to the region, the strength of the local labour force and Goodman’s ability to deliver a state of the art headquarters. It is a testament to both the facilities and location that Horizon’s team has decided to further develop its business here during its time of rapid growth. We will work closely with Horizon to ensure the company’s new headquarters meets its requirements and the transition between offices runs smoothly. It is a very exciting time for Horizon and we look forward to continuing our work with them.”

 

Alan Raymant, Chief Operating Office of Horizon Nuclear Power, said:  “Our current offices on the park have served us extremely well, but as our plans have developed, the company has grown and we need a bigger facility. Gloucester Business Park is ideal for us. This part of the country has good transport links and a strong heritage of nuclear professionals, companies and related industries. We’re growing fast and are looking for high calibre people across a range of disciplines to join us.”

Gloucester Business Park is home to a large business network of over 58 companies, including Direct Wines, Beverage Brands, Symantec, Ageas, NHS Gloucestershire, GTEM and Detica. The Park has extensive onsite amenities, mature landscaping and is well placed for access to Gloucester and Cheltenham as well as the wider Midlands, North, Wales, South West and South East regions. 

Strutt & Partner and Alder King advised Goodman on the letting. Jones Lang LaSalle advised Horizon Nuclear Power.