Orchard Street completes refurbishment of iconic offices
Orchard Street Investment Management, the specialist commercial property investment manager, has completed a comprehensive refurbishment of the iconic Radio House office in Cambridge at a cost of £8.5 million, delivering 43,388 sq ft of available Grade A space to an under supplied market.
Radio House, located in Chesterton, was built in the 1950s and bought by Orchard Street in 2011. The self-contained property, which features a distinctive ‘wavy’ roof, sits on a 1.9 acre site and is split over two levels – ground and first floor – and includes a 114-space dedicated tenant car park and 156 covered bicycle spaces.
The refurbishment, which took 15 months to complete, saw the asset stripped back to its shell and includes the installation of a striking new double height reception, generous shower and changing facilities, and a new lift.
The floors offer a unique and efficient floor plate, extending to over 20,000 sq ft and 120 meters in length, overlooking meadows and the River Cam from floor to ceiling glazed windows.
On the first floor the building’s original character has been preserved as the wavy roof has been exposed, providing ceiling heights of up to 4.75 metres. Sustainability has been a key consideration throughout the design process, which has led to the property achieving a BREEAM Excellent rating.
Jamie Munday of Orchard Street said: “This comprehensive refurbishment project provided us with the rare opportunity to deliver a unique, prime office asset of considerable scale to a tightly supplied market that is experiencing good levels of rental growth.
“Cambridge continues to witness increased office demand from existing companies, as well as attracting new occupiers, driven by its highly skilled workforce and international reputation for technology and life sciences. We believe Radio House will appeal to a diverse range of companies looking to expand or set up a new HQ in Cambridge.”
Bidwells is acting as letting agent for the former Sepura HQ.