NextGear Capital reveals growth plans after doubling in size at Chester Business Park.

Car dealership stock funding firm NextGear Capital has revealed plans to grow its client portfolio after doubling in size at Chester Business Park.

The company has secured the self-contained Edward House building on a 10-year lease, relocating from its 5,000 sq ft office at nearby International House.

Situated within the Kingsfield Court quarter of the business park, Edward House underwent a full refurbishment in 2015 that turned it into 11,500 sq ft of Grade-A office accommodation across two floors.

Michael Kelleher, NextGear Capital’s finance director, said of the decision to move: “Chester Business Park has been an optimum environment for our business’ growth and we were keen to remain here.

“Edward House is an impressive building and gives us the platform on which we can further expand our company.”

He added: “We are confident we will be able to expand our portfolio of contracted dealers to be in excess of 2,000 by 2018.”

Commercial property agent Legat Owen completed the deal with NextGear on behalf of the site’s owner, property development firm Prospect (GB).

Legat Owen director Will Sadler commented: “Prospect GB’s decision to invest in Edward House has been handsomely rewarded in securing a single high profile occupier for the whole building.

“This deal once again reinforces Chester Business Park’s standing as one of the region’s prime business destinations in the North West and a hub for financial services with organisations such as Royal Bank of Scotland, Mark & Spencer Money and Bank of America already here.”

Prospect (GB) now plans to carry out a refurb at International House to bring the building “up to a similar standard” as Edward House, according to its MD Neil Waddington, who added: “As the landlord for both International House and Edward House, we are pleased to have retained NextGear, who are an excellent and long term tenant of ours.”