Frasers Property UK has signed leases with two fast-growing technology companies for a combined 13,600 square feet of modern office space at Hillington Park, Scotland’s largest business estate. This brings the total of new lettings to over 100,000 square feet since October 2018.
Beeks Financial Cloud plc and Arrow Business Communications Ltd will both be relocating to the Park’s Lumina building, which shares a campus with the Park’s Innovation Centre, home to numerous entrepreneurial technology businesses since 2000.
The two separate deals will see Beeks Financial Cloud plc taking over the entire 8,961 square feet ground floor and Arrow Communications Ltd moving into 4,640 square feet, half of Lumina’s 1st floor. Both are expected to move in at the beginning of September 2019.
In the last year, almost 100,000 square feet of commercial and industrial space has been secured across Hillington Park demonstrating its continued appeal to businesses looking for a prime location in central Scotland. This includes almost 20,000 square feet of office and warehouse to utilities services contractor IQA Group and a 17,728-square-feet modern industrial unit to specialist rail engineering business OSL Group.
“The arrival of Beeks and Arrow is a major boost to the technology cluster at Hillington Park. They both have strong and growing reputations in the technology and communications sector and now require large, modern office space to accommodate their ambitions. Hillington Park’s super-fast fibre connection and central location were key draws, and the links to an established transport network and a wide range of food and fitness amenities for staff added to businesses’ decisions,” said Grant Edmondson, Commercial Director at Hillington Park.
Gordon McArthur, CEO of Beeks Financial Cloud, commented, “We are pleased to have secured new office space at Hillington Park, which will facilitate the continuing growth of the company. In the last two years, we have experienced exponential growth, almost doubling our UK headcount, making it necessary to expand to a much larger space. Lumina is well-placed for amenities, and its location is ideally accessible for all employees. We’re looking forward to the potential that this new space offers to the business.”
Chris Russell, CEO of Arrow, said, “With the acquisitions of Siebert Telecom in 2017 and Abica Ltd and PCR earlier this year, the next logical step was to unite and locate our three Glasgow-based businesses together. Our Scottish teams are excited to be moving into the new office and looking forward to creating an impressive Arrow powerhouse of telecoms and IT expertise in Glasgow.”
Lumina is a modern, purpose built building providing 27,522 square feet to the office market. As a result of these two deals the building has secured a swift occupancy of 50% following the departure in 2018 of the previous tenant which occupied the entire building.
Grant Edmondson added: “Securing over 100,000 square feet of new lettings in the last year reflects the continued desirability of Hillington Park. It is particularly impressive given the prevailing and uncertain environment that businesses are operating under at the moment.”
Hillington Park was purchased by Frasers Property, which owns a £1 billion portfolio of business parks in the United Kingdom, 18 months ago. Hillington Park is currently home to over 500 businesses employing around 8,000 people across multiple sectors including light engineering, manufacturing, renewables, transport & logistics, automotive services, construction, technology, retail and business services.