The developers have a strong track record on the site after they recently sold the SP33 building to pharmaceuticals company Schering Plough, and their new site already has outline planning consent for the development of 'Alchemy', a 40,000-sf headquarters scheme. A speculative start is expected in early 2003 with completion scheduled for Spring 2004.

Strutt & Parker for Shepherd and Bell hammer. King Sturge represented Antler Property Investments Plc. Both Strutt & Parker and King Sturge have been retained as development agents

Ed Smith, a Partner in Strutt & Parker's National Office Agency team said: "Following Roche and Tesco's purchase of the park's two remaining development sites at the end of 2001, Alchemy represents the final opportunity to acquire a prime headquarters facility in Welwyn's main business district."