VALUE: £6 million
The Globe Centre comprised a joint venture partnership to acquire and develop a semi derelict industrial complex on the edge of Accrington Town Centre.
Barnfield entered into a three way joint venture with a private investor and Hyndburn Borough Council to create Globe Enterprises Ltd. This public/private company, which is still actively regenerating parts of Hyndburn, acquired the Globe Works as a semi derelict complex with a vision to create a new business centre.
Barnfield were responsible for driving the project forward with the design team to submit and obtain planning permission whilst also undertaking to arrange the funding for the speculative scheme. Funding was secured through the Royal Bank of Scotland.
The area in which the Globe Centre was developed was a rundown “forgotten” area on the edge of Accrington town centre and the development was seen as a flagship regeneration project which would encourage other investment in the area.
Refurbished and extended over 10 years ago, this old building started as a manufacturing company of machinery and parts for the textile industry employing just 4 people in 1853.
The impressive conference and business centre covering 150,000 sq. ft. at the heart of Accrington is now home to nearly 1000 business men and women. Conference and meeting rooms are available 24/7 to accommodate for up to 200 people.
Globe Enterprises were involved in one of the largest sales in the area when they exchanged contracts on a £5.2 million office deal covering 60,000 sq ft of the Globe Centre.
The deal includes the sale of part of the Globe Centre in Accrington and the former Technology Management Centre, in the grounds of the Globe Centre. The agreement involves the transfer of the Lancashire County Council HQ from Bluebell Way, Preston to their new location in Accrington.