Pennon Group plc, the listed utilities company and owner of South West Water, Bristol Water, and Bournemouth Water, has recently expanded its footprint at the Exeter Business Park. This strategic move reinforces the company’s commitment to the region and its growing engineering division.
The Acquisition: Pennon has acquired the 7,731 sq ft South Suite of Estuary House on Peninsula Park, adding to its existing headquarters at Peninsula House on Rydon Lane. This newly acquired space will be dedicated to housing the company’s expanding engineering division.
The Space: The South Suite of Estuary House is a modern, open-plan office space recently refurbished to meet the needs of a growing workforce. It includes two suites on the first floor and provides ample space for collaboration and innovation. Additionally, the property offers up to 48 car parking spaces, ensuring convenient access for employees.
Engineering Division Growth: Pennon’s engineering division plays a crucial role in maintaining and upgrading the company’s water and wastewater infrastructure. The expansion of this division reflects the company’s commitment to providing reliable and sustainable water services to its customers.
Strategic Location: The Exeter Business Park is a thriving commercial hub, providing Pennon with a strategic location for its operations. The park offers excellent transport links and access to a skilled workforce, making it an ideal base for the company’s engineering team.
Local Impact: Pennon’s expansion at the Exeter Business Park is expected to have a positive impact on the local economy. The company’s increased presence will create new jobs and contribute to the region’s economic growth.
Sustainability Commitment: Pennon is committed to sustainability and environmental responsibility. The company has set ambitious targets to reduce its carbon footprint and promote water efficiency. This commitment extends to its office spaces, where it prioritizes energy-efficient design and sustainable practices.
Looking Ahead: Pennon’s expansion at the Exeter Business Park is a testament to the company’s continued growth and investment in the region. This move will enable the company to further strengthen its engineering capabilities and deliver high-quality water services to its customers. As Pennon continues to expand its footprint, it is poised to make a lasting impact on the local community and the environment.
In conclusion, Pennon’s recent acquisition of additional office space at the Exeter Business Park is a strategic move that aligns with the company’s growth plans and commitment to sustainability. This expansion will not only benefit Pennon’s engineering division but also contribute to the economic development of the region. As the company continues to grow, it is well-positioned to maintain its leading position in the utilities sector while making a positive impact on the environment and communities it serves.