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What has the downturn meant for business parks?
Caroline Mairs, Head of Keele University Science & Business Park gives her thoughts on the downturn and impact for business parks in the UK.
KUSBP offers a campus- style business community as well as facilities that any town or city centre would offer, including banks, shopping arcade, catering, catering, restaurants, conference venues, hotel accommodation and a full on-site facilities management service owned by the University. Plus, dedicated car parking and 24 hr security which all add value to our tenants’ businesses.
We work very closely with our tenants to provide business support, including advice to start ups and assisting organisations with their growth plans. This is very much a partnership approach rather than a business transaction and for this reason, KUSBP has remained over 90 per cent occupied during the recession. We have also managed to maintain rental levels, compared to some city centre developments which may have had to accept lower rents based on completion and retention of existing business during the economic downturn.
Our business model will continue to focus on working with high-growth organisations in specific sectors, including healthcare, environment and sustainability, ICT and professional services. Our close links with Keele University also enable us to work with national and international businesses who undertake research and collaboration with University departments.
In terms of land, we are in a fortunate position as have outline planning consent for a full-serviced 38-acre development site adjacent to our existing innovation centre (IC1-4), which will enable us to provide additional space for both existing and potential new tenants.
Filed under: Business News Posted at 15:46Tweet