This £50Million Office development

Limechase

Well-known member
Shouldn't alarm bells be ringing, just as us the ratepayers of the Gold Coast are about to subsidise an office complex in the middle of town, Businesses are saying that the working from home is a success & are on the whole looking to downsize & therefore demand & Rents will be pushed down IF you can even get tenants Karl & his pre lets may be a business model for the future after all....

A bit like a council investing our money into a shopping centre, just as everyone goes to online shopping, & units are left empty, I know, lets build an extension to said failing mini shopping mall..., lets add a cinema too, cos no one is streaming all the films at home anyway... INTU is an example, look how that ended.. DOH!!!!!

I dont see Private investors getting their hands in their pockets....
 

Wizaard

Well-known member
Shouldn't alarm bells be ringing, just as us the ratepayers of the Gold Coast are about to subsidise an office complex in the middle of town, Businesses are saying that the working from home is a success & are on the whole looking to downsize & therefore demand & Rents will be pushed down IF you can even get tenants Karl & his pre lets may be a business model for the future after all....

A bit like a council investing our money into a shopping centre, just as everyone goes to online shopping, & units are left empty, I know, lets build an extension to said failing mini shopping mall..., lets add a cinema too, cos no one is streaming all the films at home anyway... INTU is an example, look how that ended.. DOH!!!!!

I dont see Private investors getting their hands in their pockets....
If you read this board there are plenty saying they have to work in an office. You'd hope they've done recent market research to ensure there is demand.
 

Limechase

Well-known member
You'd hope they've done recent market research to ensure there is demand.

Yup you sure would hope.... 🤣 thats my money they are playing with
 

bfcpete

Well-known member
Multi purpose blocks are the key these days. Top floors for office space, flats or hotel accommodation. Ground floors the public service customer interface, library, health services or some commercial (shops, restuarants, etc.). Get people to both work and live in the centre so the high street doesn't become a ghost town.
 

Bob Hatton

Well-known member
They have signed a pre let agreement with the civil service to occupy the office space. Its a long term deal as part of the ongoing town centre regeneration schemes. Many of the occupants will be front line benefit staff providing these services to the public who will have access to the building to replace job centres.
 

Foolweary

Well-known member
Like Bob Hatton i believe the occupation agreement is in place and the customer intends to use the building in the future in conjunction with future home working practices.

As the capacity is apparently 2.5k heads, it can only be a government department being re-sited surely?

I am a supporter just because the scheme demolishes some of the worst buildings in central.

If successful the Talbot scheme does seem to be building momentum after a very slow reaction to the original phases
 

Mark_GT

Well-known member
Shouldn't alarm bells be ringing, just as us the ratepayers of the Gold Coast are about to subsidise an office complex in the middle of town, Businesses are saying that the working from home is a success & are on the whole looking to downsize & therefore demand & Rents will be pushed down IF you can even get tenants Karl & his pre lets may be a business model for the future after all....

A bit like a council investing our money into a shopping centre, just as everyone goes to online shopping, & units are left empty, I know, lets build an extension to said failing mini shopping mall..., lets add a cinema too, cos no one is streaming all the films at home anyway... INTU is an example, look how that ended.. DOH!!!!!

I dont see Private investors getting their hands in their pockets....
Good post. I work with some of the UK's biggest facilities management companies. They're all to a greater or lesser extent developing hybrid models of their own for office/workspace and crucially, implementing them on behalf of their customers. A lot of companies have found the new way of working to be more efficient. It's a complicated picture of course but we can definitely expect more closures and voids in the short/medium term.

I think the leisure/retail side of things will also undergo a major shake-up, in fact it already is doing. The better facilities will come back and continue to make money but you could imagine some of older more tatty ones to fall by the wayside. The British love these places and will continue to spend when they get the chance.
 

Cuthbert

Well-known member
I have my own property company, just let over 100,000 Sq ft of new build grade A offices in a northern town for rents in excess of targets. Approx 900 jobs to be located. Those who have ambition and take risk defiantly can win. If you don't try then you will be a loser. People won't have jobs and the town dies on its feet. It may be a market you don't understand, I get it, but is definitely the right thing to do for Blackpool.
 
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