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Regeneration of Marlow business park plotted
7:00am Monday 10th December 2012 in News
A REGENERATION of Globe Park is on the cards as council chiefs plot the future for the business hub, which employees about 3,000 workers.
Senior figures at Wycombe District Council have revealed talks with firms at the business park in the Fieldhouse Lane area of Marlow.
Discussions have begun positively about a revamp, they told the Free Press, which is deemed necessary after Globe Park passed the 25 year mark.
Deputy Leader at WDC, Cllr Arif Hussain, chaired a meeting with about 30 people including 16 property owners in November.
One of the ideas being mused over is to follow High Wycombe in becoming a Business Improvement District. Firms in High Wycombe voted to forge the partnership, which gives them a £1.6m pot to run projects to boost industry and growth in their area.
Cllr Hussain said: "It's very early stages at Globe Park but we wanted to find out if there was willingness and there currently is and we're working on that at the moment."
Warren Rawls, Economic Development Adviser, said: "There will now be future meetings every quarter.
"This was the first meeting and we are at the early stages but we have had follow-up meetings with four of the companies at the business park.
"It was all very positive, some are growing and in some cases very, very quickly.
"I wouldn't want to put any time scale on it but we are looking at what resources we can put in to it going forwards."
Businesses, which are part of the business park, stretch from Station Road to the Marlow bypass roundabout and there is about one million Square feet, comprising about 20 large office buildings and numerous smaller ones.
Property agents Deriaz Slater are heavily involved in the discussions and said about 3,000 staff work at the park.
The company said while many of the buildings are occupied, some are not, and an urgent upgrade is needed for all.
Many 25 year leases signed in the mid 1980s are now reaching expiry point.
Senior Partner Paul Deriaz said on the firm's website that expectations had increased in terms of what businesses want now.
He said: "Over time expectations have increased as the fabric of the buildings has deteriorated.
"Twenty five years ago, companies looking for premises in business parks were looking for a building in good condition, somewhere to park the car and a decent trunk road."
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