Chilworth Technology signs multi-million pound tenancy agreement with Science Park image 1.jpeg image 2.jpeg image 3.jpeg

Chilworth Technology signs multi-million pound tenancy agreement with Science Park

Wed 7th January 2015

We are pleased to announce that, in March 2015, Chilworth Technology Ltd will be taking up residence in Phi House on the Science Park. The property will undergo considerable refurbishment in a multi-million pound refit project which will see it taken back to a shell in order to install improved electrical systems and more effective insulation, heating and air conditioning. At 16,600 sq ft, this new accommodation will also be equipped with a whole new laboratory wing, almost doubling the capacity of the facility for process safety testing compared with its current Beta House home. The deal was orchestrated by the Science Park team and its agent Vail Williams, along with Chilworth Technology’s agent BNP Paribas.
Chilworth Technology has pioneered process safety in the UK while sharing its testing, consulting and training expertise worldwide. The Company has been a Southampton Science Park tenant for over 25 years and this is a big move for the business, as Managing Director Stephen Rowe explains: “Since starting in a single room in Chilworth Manor in 1986, whilst the Science Park was under construction, the Company has seen remarkable growth to become a globally recognised premium brand. This move will enable us to increase our testing and consulting capacity to support our continued growth in a modern, purpose built, state-of-the-art facility.” He continued: “Our parent company, DEKRA, is fully behind us and we are delighted to have their backing for the next phase of our evolution. Our choice to remain on the Science Park endorses the fact that the Science Park environment fits our brand exceptionally well. The new facilities that are being created at Phi House tick all the boxes.”
Peter Birkett, CEO of Southampton Science Park, said: “It’s always a pleasure to see Science Park companies achieve such significant growth. Chilworth Technology is a great example of a small start-up that has grown into a significant force whilst on the Park. This is a ten year lease, worth over £2 million, and is a great achievement not only for Chilworth Technology and the Science Park, but also the South of England at a time when the office market is struggling.”
www.chilworth.co.uk