September 2016

Nextgear Capital doubles in size at Chester Business Park

We’ve just completed a major deal for our client Prospect (GB), at Edward House on Chester Business Park.

NextGear Capital, the industry’s leading comprehensive provider of stock funding for Independent and Franchise car dealers in the UK and Ireland, has relocated its UK headquarters from approximately 5,000 sq ft at International House, to take Edward House, an 11,500 sq ft self-contained building on a 10-year lease.

Located within the Kingsfield Court quarter, in the heart of Chester Business Park, the developer undertook a full refurbishment of the property last year to create modern Grade ‘A’ office accommodation over two floors.

Speaking about the decision to move, Michael Kelleher, Finance Director at NextGear Capital said:

Chester Business Park has been an optimum environment for our business’ growth and we were keen to remain here. Edward House is an impressive building and gives us the platform on which we can further expand our company. We are confident we will be able to expand our portfolio of contracted dealers to be in excess of 2,000 by 2018.

Michael Kelleher

Will Sadler, sole agent for the scheme, said:

Prospect GB’s decision to invest in Edward House has been handsomely rewarded in securing a single high profile occupier for the whole building. This deal once again reinforces Chester Business Park’s standing as one of the region’s prime business destinations in the North West and a hub for financial services with organisations such as Royal Bank of Scotland, Mark & Spencer Money and Bank of America already here.

Will Sadler

Neil Waddington, Managing Director at Prospect (GB), concluded:

As the landlord for both International House and Edward House, we are pleased to have retained NextGear, who are an excellent and long term tenant of ours. We are now embarking on a programme of refurbishment at International House to bring this building up to a similar standard.

Neil Waddington

Chester Business Park is a 175-acre business development in the Cheshire Green Belt offering 1.25msq ft of prime office accommodation.

Quoting rental is £17.50 per sq ft.
NextGear Capital UK was unrepresented

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