NEW OFFICES WILL BE DESIGNED FOR SMALL BUSINESS

Artist's impression of Riverside Braehead
Capital Shopping Centres, in association with Park Lane, the property development company, are launching a buy your own office business park at Renfrew Riverside for companies wanting to buy their own business premises.

Over £5m will be invested to build a first phase of 35,000 sq ft high quality, flexible office space ranging from 2,500 up to 35,000 sq ft. The new business park, to be called Riverside Braehead, will fill a gap in the market for businesses wanting to purchase their own offices and benefit from incentives to invest in commercial property, such as SIPPS. Rental options will also be available.

Construction of Riverside Braehead is proposed to start in early 2006 and will be completed by late 2006. The offices will feature a high standard of finish in keeping with the contemporary architecture across all new developments at Renfrew Riverside. The development will feature a high car parking ratio of 1:300 sq ft, cycle parking and showers, and benefit from excellent public transport links.

It is located near to the new public park that was inaugurated by Deputy Enterprise Minister Allan Wilson. The business park will have access to seven acres of open space, riverside walkways and the adjacent shopping, leisure, business and residential facilities of Braehead and Renfrew Riverside. The new business park has outline planning permission and a full planning application will be submitted shortly.

Brian Clarke, Park Lane's joint Managing Director added: "We have researched the market carefully and have responded to demand for ownership, whilst still retaining the option to rent. Businesses will be able to tailor their offices to their own requirements and we will also provide them with support and guidance on financial and professional advice."