Babcock International Group (Babcock), the UK’s leading engineering support services company, is relocating around 500 staff from its existing regional office in Whetstone, Leicester to a new facility in Radar Road, Braunstone Frith, Leicester.
The new location is owned by James Wilson, Managing Director of Davidsons Developments. Mr Wilson and Paul Bagshaw of Rotherhill Developments have worked closely with Babcock to facilitate the move and the project has been co-funded by Lloyds Bank.
James Wilson said “This is the largest office letting in Leicester for some considerable time. There is 70,000 sq ft of accommodation including 50,000 sq ft of office space on 4 acres of land – with very good road connections. All in all a great spot for a new regional office”.
Mr Wilson added “We will be spending substantial sums on refurbishment to create a modern office for the Babcock team, which is also good news for the local construction sector”.
Liz Fuge from Lloyds Bank Wholesale Banking and Markets said ”We have had a number of discussions with James Wilson about his plans in Leicestershire and this is a significant project that has great value for all involved. We are pleased to be co-funding a venture that is so good for Leicester and that retains a major company within the county. We are always keen to talk to local businesses about how we can provide finance to help growth.”
Paul Bagshaw, MD of Rotherhill Developments, who is managing the project for James Wilson, said “Since the site was purchased we have had considerable interest for a variety of uses, but we are particularly pleased to have secured such a prestigious office development. The construction work on the site will begin this autumn and it’s expected that the move will take place next summer”.