One City Place Chester external building Image p SpacePR

The six-storey office block is part of Muse's £120m City Place mixed-use scheme. Credit: via SpacePR

One City Place fully let with pair of deals

Specialist agricultural lender Oxbury Bank has taken 6,000 sq ft and Transport for Wales Rail has taken almost 5,000 sq ft at the office development in Chester.

The six-storey One City Place features 69,913 sq ft of office accommodation and is located on Queen’s Road in the centre of Chester. It was the first office building to be constructed as part of Muse Development’s £120m City Place mixed-use scheme next to the city’s railway station. The project completed in 2016.

The BREEAM ‘Excellent’-rated One City Place is now owned by Federated Hermes. The latest lettings take the building to fully let. Oxbury, which provides specialised lending to farmers, signed a 10-year lase to take more than 6,000 sq ft on part of the fourth floor to accommodate its expansion plans. It will relocate its 80 employees from offices at nearby Steam Mill.

Transport for Wales Rail, meanwhile, has agreed a deal on 4,916 sq ft on part of the fifth floor, also on 10-year lease. Transport for Wales Rail is a Welsh government-owned train operating company and a subsidiary of Transport of Wales.

Sutton Consulting acted for Transport for Wales. CBRE acted for the landlord Federated Hermes in both deals.

Marie Daly, Transport for Wales’ chief customer and culture officer, said: “This acquisition is part of TfW’s ongoing transformational change programme and expansion, which includes an investment of more than £800m in new trains.

“This facility will be used for the training of our frontline colleagues and will feature a simulator of the new trains to be introduced across Wales and the Borders network over the next few years.”

Neil Mort, senior director in CBRE’s Manchester office agency team, added: “Both Oxbury Bank and Transport for Wales Rail will benefit from prestigious Grade A office workspace located in the city’s gateway and adjacent to the city’s mainline railway station.”

Your Comments

Read our comments policy

Great news for this development and Chester, however surely Transport for Wales should have taken space in North Wales and supported the Welsh economy in places such as St Asaph Business Park or Deeside?

By BuildItNow

Related Articles

Sign up to receive the Place Daily Briefing

Join more than 13,000 property professionals and receive your free daily round-up of built environment news direct to your inbox


Join more than 13,000 property professionals and sign up to receive your free daily round-up of built environment news direct to your inbox.

By subscribing, you are agreeing to our Terms & Conditions and Privacy Policy.

"*" indicates required fields

Your Job Field*
Other regional Publications - select below