A major new office letting has been agreed on the former site of the Zurich Insurance HQ in Gloucestershire.
Polo Works, a commercial insurance service provider, will move 300 of its staff into the Grange business park from early July, having agreed a 10-year lease.
The firm, which was acquired by Marco Capital last year, has signed up for 14,000 sq ft on the first floor of the scheme’s biggest building.
Since the Covid-19 pandemic, the company - which also has a London base - has operated a flexible working model, and will have 158 desks at The Grange for its teams to use.
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Chief executive Richard Lawson said: “We are very pleased to be basing our staff at Grange Park. We like the ‘people first’ ethic of the campus, which mirrors how we feel about our colleagues, and the progressive vision of its redesign.
“Grange Park provides a modern working environment in a prestigious building in an excellent location and offers great value to us as a business.”
The joint marketing agents for the campus, JLL’s Bristol office and Cheltenham’s THP Chartered Surveyors, said the deal was “one of the largest” lettings agreed on the local market since lockdown.
Richard Crabb, from THP, said: “Getting this deal away is really good news, it means we only have 25% of Phase 1 units remaining and we are turning our attention to Phase 2 which will deliver a further 30,000 sq ft.”
Ian Wills, from JLL, added: “On the back of this success we are in discussion with other potential occupiers, including those from the cyber sector.”
Grange Park is a 14-acre mixed use campus on the A435 at Bishop’s Cleeve, which is part way through a multi-million pound transformation.
It was announced in January that some of the reimagined first floor space of The Grange building - where Zurich was previously based - will be occupied by global testing, inspection and certification group Kiwa. Its team has moved into temporary offices on the ground floor and will relocate to a larger first floor suite in the summer.
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