Ground has been broken on a business property development in Preston, where Roundhouse Properties is to build a 600,000 sq ft office facility.

The £8 million commercial let will be made up of 23 units ranging in size from 750 sq ft to 6,000 sq ft spaces, to be known as the South Rings Office Village.

As a speculative project, the business property development indicates the firm is confident demand will begin to pick up for office investment, with its location in the north indicating one of the regions worst hit by the recession may be entering a period of growth.

Group director Jeremy Lefton claims the business property has already been the subject of a number of enquiries, a fact that could encourage other organisations to consider office development in the area.

He commented: "We are committed to providing prospective and current tenants with a property solution that gives their business the platform for growth," saying the body's South Preston Office Village survived the recession admirably.

Posted by Darren Purse ADNFCR-2842-ID-800235970-ADNFCR