LaSalle Investment Management has secured outline consent for 90,000 sq ft of office space at Bourne Business Park, Addlestone, Surrey.
Bourne business park currently comprises four office buildings totalling 114,600 sq ft. The new development will add two further buildings of 40,000 sq ft and 50,000 sq ft. An ancillary café has also been approved.
The grade A office scheme will achieve a BREEAM Excellent rating and is intended to capitalise on the success of the existing park and occupier demand for the wider area.
Tenants on the park include Michael Page, Thales and Misco UK.
James Smith, national director at LIM, said: “The speculative development of these two high quality buildings is possible due to the proven success of the park and demand for this location. The decision has been further supported by the improving South East office market and we intend to start development on site this year.”
JLL and Cushman & Wakefield are the appointed letting agents.
Turley Associates advised on planning.
annabel.dixon@estatesgazette.com
