Thursday, July 24, 2008

News: Rotherham continues to thrive


In a new commercial property section of The Star Business, the thriving market in Rotherham is highlighted. "Sq Ft" describes how Rotherham is thriving, with land being developed, office, commercial and retail space being created. The private developments taking place as part of Rotherham Renaissance in the town centre are discussed such as Iliad's £37m All Saints' Quarter and Anglo-Dutch developer TCN UK's massive redevelopment plans. TCN UK (Northern) director Stephen Holme told The Star: "These plans are ambitious, but very achievable, with a great deal of thought having gone into their drafting. The town centre offers so much potential, and we want to do it justice."We've taken into account the council's public consultation exercise that's been running since 2002 and believe that what we are proposing will prove very popular with residents and businesses." In Rotherham, land is around £200,000-£300,000 an acre, freehold. Office space ranges from £12-£16, with managed office space about £20 per sq ft to rent, or £140-£160 to buy freehold. Industrial premises are around £4-£6 a sq ft to rent and £60-£70 to buy.
Rotherham Renaissance website
The Star article


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