Nottingham city centre is gaining a new office tenant in the form of video game company Crytek as they seek to move to a new office studio courtesy of a company acquisition.
The move will come by the end of March, as the Crytek UK branch led by the head of studio Karl Hilton, will establish new desk space in the city after the take over of Free Radical Design.
Their new studios were formerly tenanted by Free Radical, the company who created the TimeSplitters series but went in to administration as a result of the recession. Crytek have purchased the design company as of February 2009 offering staff there a valuable lifeline.
Crytek is a German company specialising in video games owned by three Turkish brothers. Their headquarters are situated in Frankfurt, but they also have office studios in Budapest, Sofia, Kiev, South Korea and Nottingham.
The new office space is thought to be in the Southside business district which includes Wilson Bowden’s Sentinel (100,000 sq ft of space) and Peel Holding’s Unity Square (200,000 sq ft).
Further plans to transform the office space provision in Nottingham include a new 200,000 sq ft multi-use development on Station Street, 45,000 sq ft at Southreef Phase II and 55,000 sq ft on behalf of the Meadows Gateway development.
Sean Akins, Managing Director of Bildurn Properties Ltd, said of the commercial property in Nottingham’s Southside, “Southside isn’t your average development area, it’s actively unfolding and certainly not just another regeneration project. Major occupiers are already resident, including Nottingham City Council, Capital One, Crytek and Shoosmiths.”