Work has started on a major £10.7m office development at Parkside on the Knowledge Gateway research and technology park on the University of Essex’s Colchester Campus.
The Grade A, 41,571 sq. ft. office is the largest headquarters style office currently under construction in the eastern region and will be ready in 2023.
The building is designed to be as flexible as possible so it can accommodate a large anchor tenant or be sub-divided into smaller units.
Image credit: University of Essex
Work on the latest £10.7m phase of Parkside Office Village at the University of Essex will start early in 2022 after the appointment of R G Carter as the main contractor.
The new four-storey landmark building will open in 2023 and will have a total floor area of 3,764 sq m of high-quality office space.
It is designed to be as flexible as possible so it can accommodate a large anchor tenant or be sub-divided into smaller units depending on demand.
Image credit: University of Essex
The South East Local Enterprise Partnership (SELEP) has awarded the University of Essex a £5 million funding package from the Local Growth Fund (LGF) for Phase 3 of the Parkside Office Village project at its Knowledge Gateway research and technology park.
This latest phase will extend the highly successful Parkside Office Village to offer more space for businesses wanting to co-locate at the University’s Colchester Campus as an anchor tenant.
One of the purposes of the project is to help retain highly skilled workers within the local economy who would otherwise move away from the area after graduation. There are currently 25 businesses located at Parkside Office Village, collectively employing 270 people, 34 of whom are graduates or students of the University of Essex.
Image: University of Essex