RSM is to become the anchor tenant for the One City Place office building in the Chester Central Business Quarter, which is under development. The 10 year deal sees the firm take over the top floor of the six storey office building. The firm gains additional space for its expanding regional footprint, as well as an enhanced work environment for the firm’s team and clients.
Chester, in North West England, launched the Chester Central Business Quarter redevelopment programme as part of the city’s Chester One City Plan 2012. The new business quarter will see around 500,000 square feet of space allocated to business ends, from ten Grade ‘A’ office building, to amenities such as restaurants and leisure facilities. The space is located next to Chester central station, to improve access for commuters. The development, slated to be completed in 2028, comes with a price tag of around £100 million and will create 3,500 jobs in the interim.
One of the office buildings, One City Place, was recently completed. The building, which offers 70,000 square feet of space across six storeys, is certified BREEAM Excellent and offers firms flexible workspaces in line with changing expectations around office layout.
Professional services firm RSM recently announced it will be taking an anchor tenant position in the new One City Place office development. The firm takes over the top floor of the building, providing the firm’s 85 professionals – moving from its current Chester office – with 8,116 square feet of space.
The new office provides the firm’s growing regional team with state-of-the-art facilities that meet sustainability criteria, strategically located near the centre’s railway station. The office, which has been leased for ten years, will, in addition, provide its team and clients with a more amicable working and meeting environment.
Jill Jones, RSM’s regional Managing Partner for the North West, says, “It’s an exciting time at RSM. We’ve grown through acquisition and strategic hires over the last 12 months - enhancing our key practice areas, sector specialisms and service to clients. The move to the city’s business quarter is a key part of this growth and reinforces our positioned as a mid-market leader in the region and across the UK.”
RSM was advised by JLL. The City Place development project was partly funded by the European Regional Development Fund, to the tune of £1.4 million, and the North West Evergreen Fund, which put down a £4.8 million development loan.