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£3 Million Refurb Leads to Major Signing for 3 Newbridge Square

Following a significant investment of £3million and an extensive refurbishment programme of Swindon’s prominent office building, 3 Newbridge Square, two new leases have been secured.

 

Asset and property management company FI Real Estate Management (FIREM) has delivered one of the largest transactions in Swindon Town Centre over the past 10-years, leasing approximately 18,000 sq of Grade A office space to the IT charity, British Computer Society (BCS).

 

BCS has a royal charter and over 68,000 members in 150 countries. Their purpose is to promote and advance the education and practice of computing for the benefit of the public.  They are relocating from North Star House and will take three floors at Newbridge Square.

 

FIREM has also agreed a new lease with existing tenant, AECOM for 8,300 sq ft on the building’s 2nd floor. As a result, the building is now approximately 65% let with 3 floors remaining that can accommodate requirements ranging from 3,500 - 25,000 sq ft.

 

3 Newbridge Square is an eight-storey office building totalling approximately 60,000 sq ft. Formerly known as Tri Centre 3, the business hub is situated in close proximity to Swindon Railway Station adjacent to Kimmerfields, the emerging new business district for Swindon. 

 

Occupying a prime position in the heart of Swindon town centre, tenants at 3 Newbridge Square are only a 3 minute walk from Swindon Train Station (0.2 miles) and can make the most of the direct routes to London and South Wales. The recent electrification of the Great Western mainline means there will be a greater number of services, more seats and quicker journey times. The property is also situated close to the M4 motorway (Junctions 15 and 16) and Heathrow Airport is less than an hour’s drive away.

This news from FIREM comes after a report, comparing 42 towns and cities across the UK, ranked Swindon in eighth place for economic growth and as Swindon Borough Council pushes forward with its Tech Swindon initiative. The town-wide focus is designed to highlight the growing number of opportunities for the technology sector across the region.

 

Cushman & Wakefield are letting agents for the building.

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