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Commercial Property

Cheltenham office development named best new workplace in South West at BCO Awards

It will now go forward to the national BCO Awards, which will be announced in January 2021

Cheltenham’s Honeybourne Place on Jessop Avenue(Image: Tony McAteer)

An office development in Cheltenham has been named the best new commercial workplace in the South West.

Honeybourne Place, on Jessop’s Avenue, scooped the accolade in the 'Best Speculative New Buildings in the South of England and South Wales' category at the British Council for Offices (BCO) Awards.

It will now go forward to the national BCO Awards, which will be announced in January 2021.

Cheltenham-based private investment and asset management firm Formal Investments is behind the development, which is already 82 per cent let out.

The BCO said the building had a "winning combination of entrepreneurial flair and great design” and "oozed quality and attention to detail”.

Nicholas King, director of Formal Investments, said: “We are thrilled that Honeybourne Place has won a BCO award as one of the very best office developments in a region that stretches from Kent to Cardiff and beyond, and includes major commercial centres such as Bristol and Reading and the Thames Valley, which is a vastly greater budget area to be up against.

Inside Honeybourne Place (Image: Tony McAteer)

“It was always our ambition to create such a first-class modern and ambitious development in Cheltenham and it is thanks to the excellence and commitment of everyone involved that we brought Honeybourne Place to life in such style, an achievement now celebrated by the BCO.”

The property is named to reflect the history of the Honeybourne Line that linked Cheltenham’s St James Station with Honeybourne in Worcestershire and onwards to Stratford, according to Formal Investments.