Five lettings on Castle Business Park within 12 months
Forth Valley Health Board, Lex and Sepa acquire new offices
10th January 2006

CITY OF STIRLING BUSINESS PARKS (INVESTMENTS) LIMITED is delighted to announce three recent office lettings on Castle Business Park. This totals five new lettings all concluded on the Park within the last 12 months.

During the fourth quarter of 2005 lettings were concluded to Forth Valley Health Board, the Scottish Environmental Protection Agency (SEPA) and Lex Vehicle Leasing. Forth Valley Health board acquired approximately 981 sq m (10,560 sq ft) within Carseview House in a move that means they will occupy the entire ground floor of the building. SEPA acquired the last remaining suite on the first floor resulting in the building being fully let. The neighbouring Bremner House was also successful in attracting Lex Vehicle Leasing into the last two available suites within the building totalling approximately 485 sq m (5,230 sq ft).

These most recent deals follow lettings to Contract Scotland, an expanding recruitment agency, and Intelligent Communications, an IT related business, earlier in the year.

With only 236 sq m (2,542 sq ft) of completed accommodation now remaining, CSBPL has turned its attention to progressing the development of a further 5,945 sq m (64,000 sq ft) of office accommodation that would see the Park fully developed. Two buildings extending in total to 5,945 sq m (64,000 sq ft) and each being capable of subdivision will be available from early 2007.

Councillor John Hendry, Director of CSBPL, confirmed his delight saying, “Castle Business Park continues to attract hi-quality occupiers and plays a significant role in Stirling’s expanding economy”.

The development partnership, City of Stirling Business Parks (Investments) Ltd, is a joint venture between Scarborough Development Group and Stirling Council. The joint letting agents on the development are Montagu Evans and Stirling Ventures

For further information contact Mike Irvine / Peter Fleming on 0131 229 3800.