Federated Hermes’ One City Place office development in Chester is now fully let following the completion of two deals totalling more than 10,500 sq ft.
Specialist agricultural lender Oxbury Bank has taken more than 6,000 sq ft of Grade A office space on the fourth floor and Transport for Wales Rail has signed for 4,916 sq ft on the fifth floor on a 10-year lease.
The six-storey, 69,913 sq ft building is Chester’s first BREEAM ‘Excellent’ rated office.
Marie Daly, Transport for Wales’ chief customer and culture officer, said: “This acquisition is part of TfW’s on-going transformational change programme and expansion, which includes an investment of more than £800m in new trains. This facility will be used for the training of our front line colleagues and will feature a simulator of the new trains to be introduced across Wales and the Borders network over the next few years.
“We also have aspirations to increase services linking Wales and the north west of England and we’re delighted to have secured high quality office space in this location.”
Neil Mort, senior director in CBRE’s Office Agency team, which acted for Federated Hermes, said: “We are delighted to secure these latest deals to deliver a fully let development. Both Oxbury Bank and Transport for Wales Rail will benefit from prestigious Grade A office workspace located in the city’s gateway and adjacent to the city’s mainline railway station.”
