New office space planned for Cavalry Park

Scottish Enterprise Borders has sold 1.7 acres of land at Cavalry Park to Techauto Ltd to construct an office and warehouse development to meet increasing demands for high quality business accommodation in the region.

Techauto will build 14,000 square feet of business space to sell or lease to growing businesses in the Borders or companies looking to relocate to the region. This development will include four new buildings to be subdivided to meet market demand, which will incorporate office space and warehouse facilities that will be able to accommodate a dozen new businesses.

Nigel Watson, Director of Physical Infrastructure at Scottish Enterprise Borders, says: “Cavalry Park with its impressive setting has already captured significant growth from companies already located in the Borders looking to expand into national and international markets. This new flexible space will continue this trend and be attractive to firms wishing to locate to the region.

“The developer has adopted an innovative approach to attract the market demand by appealing to both potential tenants and owner occupiers with more than half the space already signed up. This new development will help in satisfying the growing demand for business accommodation in the region and will help to promote both the Borders and the South of Scotland as a great location in which to do business.

“Attracting companies with high growth potential to locations such as Cavalry Park is vital if we are to help grow and diversify the regional economy and attract new investment and employment opportunities for local people and businesses.”

A spokesman for Techauto stated that they were pleased to be able to develop a site which would provide office and warehouse space, for both purchase and let, to local businesses in the Peebles area.

Techauto has worked closely with Scottish Enterprise to maintain the integrity of the Cavalry Park site. This prestigious development should further enhance the growing local business economy.

Once both the East and West sides of Cavalry Park are completed, approximately 100,000 square feet of modern property will have been developed, representing an investment of almost £6 million.