REPROTEC EXPAND THEIR OPERATIONS IN COLWICK


October 6, 2014

Office News

FHP have recently concluded the sale of Unit 13 Churchill Business Park in the Colwick area of Nottingham to Reprotec, a long established printing and document management company already based within the Colwick area.

Following strong trading Reprotec have expanded their operations, purchasing this good quality property to house further office staff as part of their expansion plans.

Mark Tomlinson of FHP Property Consultants, who acted on behalf of the Vendor in the sale, commented:-

“Reprotec have been active within the market for some time looking for a suitable opportunity to accommodate their expansion plans.  I am delighted that they have now found the right solution to accommodate this growth.

This property has sold relatively quickly and this is a trend we are seeing on many freehold opportunities in the market at this time.  For prospective Purchasers there are not many freehold opportunities on the market and therefore we are seeing increased competition for the properties which are being offered for sale.  This is resulting in a steady increase in values and vastly reduced marketing periods for Vendors.

Hopefully this trend continues and I am confident that we will see freehold appetite in the office market continue, therefore values can continue to climb back up to levels seen prior to the recession.  We are some way from that stage at the moment but progress is certainly being made”.

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