Lynch Wood Park

Ryan Barber outlines the investment in Peterborough's Lynch Wood Park.

Transcript

00:00 Over the last two years I would say the investment in this particular building

00:05 has been around 3.5 million. We've been giving back a lot of space over the last

00:11 two years from businesses that are dramatically downsizing or you know

00:17 working from home completely but this building's not had that much investment

00:23 for the last 30 years so it was time to you know put our money where our mouth is

00:29 really and as I say it because of the sheer scale of it and the size of it the

00:33 investment has had to be substantial but I think what we've got now is a really

00:38 exciting product that retains the original characters and features of the

00:43 building but has a modern twist on it through furnishings and things like that

00:47 but make it a really desirable place for people. A big part of this for us was

00:52 was retention you know a lot of these businesses were making waves about

00:58 potentially moving out and downsizing and because of the investment they've

01:02 decided to stay with us you know they've retained the space that they're in

01:06 30,000 - 40,000 square foot because they can see the benefits of bringing the

01:12 staff back because we've got the gym on site and we have the maze and the

01:17 fountain and the investment has gone into those parts of the building as well so

01:21 it's an exciting place that people actually want to come back so yeah

01:24 Historically we were we were about seven or eight businesses you know Royal

01:29 Sun Alliance, De La Genta, Colourblast but since the introduction of FigFlex our

01:35 serviced office provider it's allowed us to start involving small businesses in

01:40 the campus as well you can take an office here from as little as a

01:44 two-man office anything up to 60,000 square feet so that the amount of

01:50 businesses within the campus has grown dramatically which is great from a

01:54 business to business perspective because we're now finding that tenants are

01:57 actually doing business with each other because of this sheer scale of people

02:00 here. There's still further investment to make you know with the building

02:05 itself because of the scale of it you can't stand still you know you've got to

02:10 continue to invest you know we own other property in Peterborough as well

02:13 Northminster House in the city centre so as a business you know we will continue

02:19 to invest in Peterborough because you know we're really proud of our

02:21 association with the city.