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LONDON-John Laing Property Business Space – the joint venture between Laing Property and the Bank of Scotland, has submitted a detailed planning application for the final three buildings on its Drakes Meadow business park in Swindon, Wiltshire. The final phase will provide two- and three-storey air-conditioned office buildings ranging from 15,662 to 36,000 sf.

Two units in the first phase at Dukes Meadow have already been pre-let to solicitors Thring Townsend and the Granada/Post Office joint venture, Quadrant Catering. A third unit is also under offer. Individual suites from just over 8,000sqft (743sqm) and building from 15,662sqft (1,455sqm) are currently available.

JLPBS Director, Chris Bond, says “Demand for offices on Drakes Meadow remains high and our ability to offer flexible lease terms and tailor specifications to meet individual occupiers requirements continues to prove extremely popular. Letting agents are King Sturge.

The Laing Property/Bank of Scotland joint venture was established in 1999. It already has a £125 million ($185 million) development programme under way along the M3/M4 corridor including three schemes in Reading, Berkshire and two in Frimley, Hampshire. The company aims to double the size of its portfolio to over £250 million ($370 million) by the end of 2001.

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