A major business park in Cheltenham has secured a Worcestershire-based insurance firm as its latest tenant. Grange Park, a large office scheme on the site of Zurich Insurance’s former HQ in Bishop’s Cleeve, has agreed a lease deal with Marley Risk.
Marley has taken 18,500 sq ft of office space, which is being fitted out ready for the company’s relocation from Evesham. The firms joins businesses within the park including Capita, Polo Works and Regus.
Marley specialises in latent defect insurance claims management and works with insurers in the LDI market. The company’s chief executive, Kevin Drain, said: “The move to Grange Park reflects our commitment to providing an enhanced workplace experience for our employees and a dynamic environment for collaboration and creativity.
“Our new office not only strengthens our ability to serve our clients more effectively but also reinforces our philosophy of excellence and continuous improvement.”
THP Chartered Surveyors of Cheltenham and JLL Bristol acted on behalf of the landlord and Noyes Lewis Commercial Property in Cheltenham acted for Marley.
Letting agent Richard Crabb of THP said: “We are delighted with this deal. This is on of the largest single lettings in the county in recent years and it underscores Grange Park’s growing reputation.”
Ian Wills from joint agents JLL added: “This letting illustrates Grange Park’s flexibility. From this most significant letting to a single desk in the Manor House, there really is nowhere else like it.”
Regus, which operates serviced office space in the Manor House, is now 72% occupied while the remaining 5,500 sq ft of Phase 1 refurbishment of The Grange is under offer.
The space for Marley Risk is part of Phase 2 which delivers a total of almost 30,000 sq ft of space. Almost 60,000 sq ft has already been let out, Grange Park said.
The sustainable building, which is only four miles from Cheltenham Spa train station, is gas-free, with all heating and air conditioning powered by electricity. Solar panels, which generated 6,722 kWh of electricity in June, provide clean energy to the building’s common areas.
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