Asset and Property Management company FI Real Estate Management (FIREM) has just pressed the button on an ambitious half a million pound refit at Gloucester’s iconic Southgate House which underlines growing confidence in the city’s office market.
Southgate House has an interesting history. It was originally built specifically for the Bank of England but it was only occupied by the Bank for a very short period before they moved back to London. Since then the building has been occupied by a number of ‘blue chip’ tenants such as the Pro Insurance, Thistle Insurance and QAA, the schools quality people.
James Raspin, Asset Manager for FIREM, comments: “We believe the extensive remodelling of the reception area will increase the building’s appeal to existing and new tenants, providing a new ‘meet and greet’ area, meeting rooms and break-out areas for visitors and occupiers. We also plan to install a coffee hub which will be run by a national operator.
“Work should last around two months and when completed this project will give this quality building a totally modern look to become one of the premier business addresses in Gloucester.
“The offices sector is recovering fast so top class accommodation is in demand once again. Southgate House is at the heart of the city and offers easy access to the popular Gloucester Quays Outlet Centre. With lettings we have in the pipeline the property will be 80 per cent occupied and with the reception improvements should help us to achieve 100 per cent occupation in the not too distant future.”
Press enquiries to: Helen Thomas, MTPR on 07968 039612.
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