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Date issued: 16 May 2019
Property Week has revealed this year’s top office locations outside London. Previously Colchester had come 82nd in the UK rankings, however the 2019 ratings placed it 48th.
Location strategist and data analyst experts CACI have put together the Hot 100 UK Office Locations, a ranking of the best new and secondary office locations across the UK, excluding London. To compile the ranking CACI assesses 373 UK locations, taking into account a number of variables. Each location is then ranked on each metric and assigned an A to E grade – A being most favourable.
Councillor Mark Cory, Leader of Colchester Borough Council, said: “The council is allocating considerable resources into the increasing demand for, and opportunities to develop, workspaces for businesses and organisations that wish to expand.
“Colchester’s improvement is a fantastic reflection of the investment in the town. Long known for being Britain’s first city and oldest recorded town, today Colchester is one of the fastest growing places in the UK.”
David Rooke, Location Services Director for Invest ESSEX, added: “Despite a recent report* that towns in the South East could experience shortfalls in office availability, this is very much not the case in Colchester.
“The town has optimised its setting by implementing strategies to become one of the best-connected locations in the Eastern region by improving infrastructure, securing added value employment, increasing its attraction for businesses and residents alike.
“Companies such as Horizon Construction, Arc Legal, Birkett Long and Ellisons Solicitors are already taking advantage of the business benefits Colchester offers by choosing to expand and grow their businesses in the town.”
The work being carried out by Colchester Borough Council’s new commercial arm, Colchester Commercial Holdings’ three subsidiary companies, has made significant progress in several key projects within Colchester to boost the town’s offering for business, working both independently and on behalf of Colchester Borough Council.
The multi-use element of the flagship Northern Gateway, project managed by Colchester Amphora Trading Ltd (CATL), will create a place where business can flourish as an integral part of this new community. The development will also provide world-class digital connectivity, plus instant access to the regional transport network, showcasing high-quality contemporary urban design. The Northern Gateway will combine exceptional green credentials with a highly desirable environment, creating an aspirational place for living, working and socialising.
The full Hot Offices listing can be found here: https://www.propertyweek.com/insight/hot-offices-index-2019/5102223.article
Invest ESSEX are a fully-funded specialist business support agency who work with their partners to provide professional advice and services for businesses of all sizes and at all stages of their growth journey. For more information visit: www.investessex.co.uk.
*Estates Gazette (see: https://www.egi.co.uk/news/south-east-towns-face-office-supply-crunch/)