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News Release

Exeter

JLL brokers biggest inward investment deal in a decade in Plymouth


Up to 700 jobs could be created in Plymouth following a major global trade deal with Sitel, one of the world leaders in outsourced customer experience innovation, showing Plymouth is ‘open for business’ post Brexit.

The multi-million-pound deal, which has taken over a year to secure, will see the international business locate its new workforce in Derriford in The Ship, which was acquired by West Country based property developers, Burrington Estates, in May 2015.

The contract was signed last week and it is hoped that Sitel will be on site by February 2017. Burrington Estates is a major developer investing in the City and has already successfully completed two major regeneration projects, including Ocean Crescent and Burrington Business Park.

Andrew PearceAndrew Pearce, director of office agency at leading property consultancy JLL in Exeter, which brokered the deal on behalf of the landlord, Burrington Estates, said: “There are few properties in the South West as iconic as The Ship, which is the youngest listed building in the country and an important landmark in the city. This major investment by a global and pan-European business represents a real vote of confidence, not just in the region, but in the UK as a whole. In Plymouth, it provides a fillip to what has up until now been a rather depressed office market; indeed it is the largest office deal in terms of square footage – and potential jobs creation – to have been agreed south of Bristol in the last couple of years.”

As well as offering extensive office space at the front of the building, The Spirit of Enterprise is adding an exciting, new dedicated leisure space. Clip’n’Climb is already confirmed and Adrenalin- a business providing indoor trampoline and state-of-the-art obstacle courses - will also be making this iconic building its new home.

Paul Scantlebury, co-founder of Burrington Estates, said: "Clip’n’Climb and Adrenalin are two really fun leisure brands and we are confident they will help make The Spirit of Enterprise a go-to destination, hopefully giving people even more reason to visit Plymouth.”

"This was a massive team effort between all stakeholders with regular, detailed meetings for over a year. Special thanks to Plymouth City Council and to our finance partners, Prydis and commercial agents, JLL." Paul adds.