First new building handed over at Capital Park, Cambridge

The first new building to be completed at Capital Park - Capital & Counties' office / R&D development in Cambridge - has been handed over to its tenants, Cambridge-based technology company i2. CPC3, a 2,322 sq m (25,000 sq ft) net building, will be i2's new global headquarters.

i2 plans to move into the building following fit-out which should take around eight weeks to complete.

Gary Marcuccilli of Capital & Counties said, "The completion of CPC3 marks an important milestone in the evolution of Capital Park and we are particularly pleased to have attracted to the park a leading edge technology company in i2. We are now able to show other potential occupiers the quality of the buildings and environment we are creating."

The 16.2 ha (40 acre) business park has outline planning consent for total of 24,340 sq m (262,0000 sq ft) of B1 space and a second three-storey building of 4,311 sq m (46,400 sq ft) is now under construction. This building will be ready for occupation by Autumn 2001. The developers, Capital & Counties and MPM Properties are now in discussion with potential occupiers.

For more details of the opportunities available at Capital Park, contact joint agents Mike Ayton of CB Hillier Parker on 020 7629 7666, or Will Mooney of Januarys on 01233 326808.

For further enquiries:
Gary Marcuccilli, Capital & Counties plc.
Tel: 020 7887 7041, Fax: 020 7887 000

Press enquiries
Catherine Taylor
Tel: 01480 880171, Mobile: 07788 480 123

Restoration of Victoria House Complete

The restoration and conversion of Victoria House is now complete and tenants have now moved in.

Victoria House, an elegant Victorian hospital building which had become redundant and fallen into disrepair, has been converted to provide a total of 10,000 sq.m (107,640 sq.ft) of high quality, modern office space. The building will now be home to the Homerton College, Cambridge School of Health Studies and the Eastern Region Office of the NHS Executive.

The redevelopment of Capital Park has involved the demolition of several redundant, unattractive, modern buildings and extensions to leave as much of the original Victorian building as possible. The retained buildings include a former upholstery block which will now provide student rest areas. The former chapel has been converted into a conference facility and a floor has been inserted in the former main hall to provide space for a library above.

i2 Ltd. Headquarters Takes Shape.

The 2,322 sq.m (25,000 sq.ft) headquarters building for Cambridge-based technology company i2 Ltd is coming out of the ground fast. This is Capital Parks first new building and is due for completion in March 2001.

Speculative Construction Gets Underway.

Work started in October 2000 on the Park's largest new building CPC1, a prestigious 4,515 sq.m (48,585 sq.ft) three-storey headquarters building. Set in 40 acres of mature landscaped grounds, the new building will have 229 parking spaces, equivalent to a generous ratio of one space to 212 sq.ft net.

The air-conditioned building is being constructed to a high quality specification in two wings linked by an impressive atrium reception area. It will be ready for occupation by Autumn 2001.

We are preparing to let space in units from 8,000 sq.ft and are able to offer occupiers flexibility in terms of lease length and the services that can be offered through our Capital Services and Qudos operations. CPC1 will have a built in high speed fibre optic backbone, providing immediate connectivity.