Bridge snaps up Birchwood office block
The property manager has bought Dominion House in Warrington from Kames Capital for an undisclosed sum as it seeks to grow its investment portfolio.
The building at Temple Court business park in Birchwood comprises 41,000 sq ft of office space over three floors and will be available to let later this year in suites of 3,500 sq ft upwards, according to Bridge Properties.
The company has appointed design consultancy Incognito to oversee a fit-out of the property – to include a rooftop terrace and bar – and said it aims to replicate success achieved at Eden Point in Cheadle, which Bridge acquired for £3.2m in 2017 and transformed into a new working environment.
The scheme secured five new tenants over the course of last year and currently has 3,000 sq ft vacant.
Dominion House’s vendor Kames is part of Aegon Asset Management, which was represented in the sale by agencies JLL and Savills. Canning O’Neill is the letting agent for Dominion House.
Canning O’Neill director Mark Canning said: “There is a lack of high-quality, inspirational office accommodation available to let in the Birchwood area and Bridge intends to take the Eden Point concept one step further by adding roof terraces and a bar, in addition to top quality café, outside break out space and hotel quality common areas.”
Bridge Properties director Paul McCann added: “As occupiers are now returning to their offices, the general consensus is that occupiers are looking for higher quality space than before the pandemic.
“Eden Point has become an excellent blueprint for this type of office model, and we look forward to replicating this at Dominion.”
In February, Bridge sold Canute Court in Knutsford to investor Carter Gem Properties, after regearing the occupational lease with tenant TT Games, a subsidiary of Warner Brothers. Bridge had purchased the building in May 2019.
Canning O’Neill and Williams Sillitoe are the retained joint letting agents for Eden Point, while Carrick Real Estate and Savills acted on the sale of Canute Court.