EAST MIDLANDS property developers Sladen Estates and Peveril Securities have purchased the flagship Nottingham site Unity Square – with the aim of driving forward its development, and further improving the city’s important southern gateway.

Sladen and Peveril, one of the East Midlands most successful commercial development partnerships, have bought the key development site opposite Nottingham Railway Station from Peel Land and Property Group for an undisclosed sum.

The site, which is at the heart of the city’s burgeoning regeneration zone, has planning permission to provide up to 460,000 sq ft of grade A offices and a new hotel with complementary retail and leisure uses surrounding a new public square.

Nick Sladen of Sladen Estates said the deal was proof that the Nottingham economy was growing, and that the lack of new office development in the city meant the time was right to proceed with the project.

“Nottingham has made a strong economic recovery, but the challenge it faces is that the downturn halted new development,” he said. “It left it with a shortage of grade A office space. We know the demand for space is out there, but professional occupiers looking for room to grow in the right location are struggling to find suitable accommodation in the city.

“The area around the railway station has undergone some substantial long-term investment, with the transformation of the railway station into a transport interchange and the exciting plans from intu for the redevelopment of intu Broadmarsh. Unity Square will put occupiers in the perfect place to take advantage of these investments, which is why we are delighted that Peel is passing the baton to us to push on with the scheme.”

The approved scheme has been designed and evolved by North West-based Peel which has been working closely with Nottingham City Council with the intention of starting demolition on the site shortly.

Richard Mawdsley, Peel’s development manager, said: “Unity Square is an excellent scheme which is now well shaped to take advantage of the upturn in the regional office market. With the economic improvement, the delivery phase of a number of our strategic projects are all coming to life at exactly the same time.

“We are naturally having to focus resources on our strategic land holdings and we feel Sladen Estates and Peveril are the right team to take Unity Square forward now and we are confident they will realise the vision for Unity Square.”

Based in the East Midlands, and headquartered in Derbyshire, Sladen Estates and Peveril Securities have an established background in the regional commercial property market with a track record of delivering large-scale developments across the country. Over the last 16 years, they have jointly completed projects worth more than £300 million in sectors including office, industrial, leisure and student accommodation.

Nick Sladen added: “Sladen and Peveril have an intimate knowledge of the local market and national development and contracting expertise so we jointly have the scale, expertise and resources to make the most of the opportunity that Unity Square now presents.”

Unity Square is being marketed by Nottingham property consultants FHP.

John Proctor, FHP director, said: “Unity Square has been a long time in the making and its delivery is a vital component of the regeneration of the southern gateway district of the city. It will bring much-needed new office space to a market which has been struggling to meet demand.

“The city council has been proactive in supporting the scheme which has also generated strong interest from both existing office occupiers and national enquiries. When the existing buildings are demolished, we will then start to see the potential for this scheme and start to fit the individual pieces of the jigsaw together to deliver both the business district and for us to be able to deliver an environment around Nottingham’s transportation interchange which will genuinely provide the standard of environment that you would expect to see when arriving in one of the country’s most progressive provincial core cities.”

For more information about the site, contact: John Proctor at FHP Property Consultants on 0115 950 7577.

ENDS

On behalf of private clients, FHP Property Consultants are delighted to bring to the market 12 Charnwood Street, Derby. This self contained office building extends to approximately 1,673ft² over three floors and offers a mixture of open plan and cellular office space.  The property also benefits from a secure private car park.

Charnwood Street provides a mix of office, healthcare and residential users and is situated half a mile from Derby City Centre, just 15 minutes walk from Derby train station.

The property is available to let by way of a new lease direct from the landlord at a rent of £12,950 per annum exclusive.

For further information on the property or to arrange a viewing, please contact Darran Severn at FHP Property Consultants on 01332 343 222 or email darran@fhp.co.uk.

Acting on behalf of clients FHP have recently completed a letting of the 1,060ft² Upper Floors at 1 East Circus Street to DLP Planning Limited for a 5 year term. DLP had been looking to relocate their East Midlands office to Nottingham for some time and having shortlisted a number of options in the City Centre opted to satisfy their property requirement in the Professional Quarter.

Lucinda Hancock of FHP who concluded the letting commented:

“DLP knew they wanted to be in Nottingham and I was delighted that 1 East Circus Street suited both their locational and operational requirements. I have no doubt DLP will swiftly settle in to what is now a fully occupied building and wish DLP every success in the continued development of their Midlands expansion onwardly.”

Jim Lomas of DLP Planning Limited commented:

“DLP Planning Limited have successfully relocated their East Midlands operation to 1 East Circus Street in Nottingham to provide increased opportunities for company expansion. The premises will provide an ideal platform to grow the East Midlands venture now based in the heart of Nottingham’s business district. The premises offer the opportunity to meet operational requirements in terms of office space, accessibility, visibility and off street customer parking all of which are qualities that attracted DLP to East Circus Street.”

“It has been a pleasure working with Lucinda in our quest to relocate the offices to Nottingham. Lucinda’s local knowledge of the market has assisted greatly in our decision to locate to the Professional Quarter following examination of various options within the City Centre. Lucinda has adopted a professional approach throughout our office search and has responded promptly to questions arising often at very short notice.”

We had been trying without success to market our commercial property near Mansfield for 6 months before we turned to Mark Tomlinson at FHP.

Within a week Mark had introduced us to a buyer and a deal was quickly struck.

Inevitably there were the usual transactional issues but Mark stayed with the process and intervened when necessary to ensure that the deal stayed on track to completion.

Accordingly, we are very happy to recommend Mark and the FHP service to potential clients.

FHP Property Consultants are delighted to announce the letting of the 4th Floor at Pearl House which has recently been taken by Reed Specialist Recruitment Limited who have moved from King Street in Nottingham City Centre.

This marks the latest in a string of office deals in Nottingham City Centre on multi-let offices which is reducing the availability of stock further.
Mark Tomlinson of FHP Property Consultants commented:-

“Shortly following the expiry of the previous lease and before we could even commence a refurbishment on the space we brought forward interest from Reed Recruitment for the building and the deal was completed from the initial viewing to completion of the lease in a matter of 4 weeks. Such is the lack of availability of good quality office space of this size in Nottingham City Centre we were able to obtain a strong deal on behalf of the Landlords”.

With full occupancy now achieved at The Pearl and also at Bridlesmith House and the city centre office levels are ever decreasing. As a result we hope to see rents increase and greater appetite amongst Landlords to refurbish existing buildings instead of turning to the student residential market, which has been a major theme in Nottingham city centre.

END

FHP Property Consultants are delighted to announce the letting of a 3,000ft² office suite within Bridlesmith House achieving full occupancy on the site on behalf of the Landlords.
The offices have been taken by The Together Agency, a brand and design agency currently based in the Creative Quarter of Nottingham who have expanded their offices within the city.

Mark Tomlinson of FHP Property Consultants who concluded the letting commented:-
“There is a lack of good quality office space within Nottingham City Centre especially in the Creative Quarter of the city, but we have achieved this letting to the Together Agency due to an early surrender of a 3,000ft² suite within the building following a refurbishment by the previous occupiers”.

The offices were due to be vacated when the lease on the offices was due to expire at the end of March 2015, but the letting was concluded in February achieving an excellent result both for the outgoing Tenant and the Landlord alike”.

“The Together Agency has been looking in this area of the city for a while for the right style of accommodation; such is the nature of their business. The open plan nature of the suite within an attractive period building such as this is hard to come by”.

“We spent quite some time with The Together Agency to find the right option for them and I am delighted that we have now concluded the letting with them”.

END

Mark Tomlinson of FHP Property Consultants has now been instructed to sell 11 Glaisdale Drive, the former Capita offices, totalling 26,000ft² following an extensive refurbishment.

The property comprises a mixture of offices and warehousing and is suitable for a variety of uses such as offices purposes, industrial uses and also congregation and community uses, subject to planning.

For further information please contact Mark Tomlinson on 07917 576 254 or email mark@fhp.co.uk

END

FHP Property Consultants are delighted to announce that Hargreave Hale, stockbrokers and investment managers established in 1897 with offices throughout the UK, have taken offices within The Point on Loughborough Road in West Bridgford. This follows the acquisition of some high quality personnel who have been operating within this field in the local area for a number of years.

Mark Tomlinson of FHP Property Consultants, who acted on behalf of the Landlords, Rushcliffe Borough Council, commented:-

“I am delighted to have achieved a letting to such a good quality company within this building following the previous letting to Handelsbanken onsite. We are now building a very strong Tenant profile in the building and now have only one unit remaining, which we hope to bring forwards interest on in the near future. The Landlords of the premises continue to present this building very well as it is very well managed and it is no surprise that such good occupancy levels are being achieved”.

We approached FHP to search for options in central Nottingham. They really listened to our needs; creative studio space, meeting rooms, parking and a central location with flexible terms, and responded swiftly. From first approach to moving in has been 4 months! Mark Tomlinson has guided us through the whole lease process with diligence, patience and a pragmatic approach at all times.

We identified Quantum House as the solution to base our business in Nottingham.  Its location within the professional quarter was exactly where we wanted to be and the suite we have taken will gives us a presence there with the ability for immediate growth.  FHP were excellent in reacting to the speed of our requirement and helped to facilitate our swift and smooth arrival into the building.

FHP Property Consultants are pleased to announce the letting of first floor prestigious office space to Citibank as they relocate from Pride Park.

Citibank have taken high quality first floor office space of approximately 4,461 ft² at the well known Pentagon House, a landmark office building on Sir Frank Whittle Way close to the Pentagon Island.  Marketing the space on behalf of the current lessees, Balfour Beatty, Tim Richardson of FHP comments:

“Citibank were looking for high quality space on flexible terms and identified Pentagon House as the ideal option for them.  The quality of space, light airy accommodation, superfast broadband, manned reception and excellent parking ratio were a great attraction to them”.

FHP have 3 suites remaining of approximately 4,000 ft² each across the ground and first floor.  They are in the process of agreeing terms for a further letting, but otherwise should be pleased to discuss the further space with any interested parties.

For further information contact Tim Richardson at FHP: 01332 343 222.

End

May 2015

Mark has worked exceptionally hard to secure the letting of our Offices at 52 The Ropewalk, Nottingham, and we were amazed that he secured a tenant for us within two weeks. We have worked extensively with FHP over the last 20 years and they have always secured tenants for us quickly and efficiently to minimise our costs. We find their service is exceptional.

I have worked with, for and alongside John for 20 years having initially met on the sports pitch.  John has provided advice to Gateley which has enabled the firm to continue its organic growth within the East Midlands region and most particularly helped us move to our new offices at Park View House in Central Nottingham.  What I enjoy and value is that in working with John I know that he is seeking to ensure that the deal negotiated meets exactly with the brief that has been outlined and where we are working together there is a clear communication and understanding that enables us to practically and successfully negotiate our way through a problem to get the right result.

John has assisted me in the relocation of our Leicester and Nottingham offices.  John provided me with a clear synopsis of the options that were available, summarised the pros and cons of the opportunities and the occupational costs involved and achieved through negotiation the financial objectives that we were seeking to achieve.  Most importantly after the deal was agreed John was still there to help me resolve issues that arose both of a legal and practical nature.

John has acted for me on a number of occasions over the past 15 years, most recently when our office building in the centre of Nottingham became vacant.  The matter was complicated by an outstanding dilapidations claim but I am pleased to say… that within a six month period our building is once again tenanted, the dilapidations were fully settled and whilst the process was not without its problems John guided us through with sound practical advice and protected both our income and asset value. I would be very happy to retain FHP for all of my future property advice.

Lucinda Hancock of FHP Property Consultants has recently completed the last available suite in the multi occupied office space at 3 Hope Drive located within The Park Estate in Nottingham.

The offices on Hope Drive have been converted into a semi-serviced office premises offering a bright working environment with all inclusive rental deals on flexible lease terms to suit small to medium sized companies in the City.

The latest tenants are Driver Hire Nottingham who have relocated from their existing Nottingham based premises. Driver Hire Nottingham wanted to stay within close proximity of Nottingham City Centre and 3 Hope Drive ticked all the boxes essentially enabling their Team to ‘plug in and go’.

Lucinda Hancock who acted on behalf of the landlord commented:

 “We are pleased to complete the letting at Hope Drive where we now have a flourishing tenant mix. 3 Hope Drive has proved very popular with occupiers enthusiastic to be within reach of the City Centre and this is another success story for the serviced office market in Nottingham.”

For further information with respect to this letting, please contact Lucinda Hancock of FHP Property Consultants on 0115 841 4794 or lucinda@fhp.co.uk.

FHP Property Consultants are pleased to offer to let a stylish first floor space with its own front door off The Strand Arcade in Derby City Centre.

The premises lie within a unique and characterful position within the Cathedral Quarter.  The Strand Arcade links The Strand to Sadler Gate, a niche retail location within the City Centre, but easily accessible from the inner ring and with ample public car parking in the vicinity.

The space itself is finished to a high standard providing self-contained accommodation accessed via distinctive entrance doors off The Strand Arcade and providing a range of predominantly open plan space.  Presently used as offices, it would lend itself to alternative uses and extends to some 154m² (1,657ft²).

Tim Richardson from FHP comments:

“This is an excellent opportunity to acquire good quality accommodation that is a bit different from the run of the mill space and is offered at a very competitive rental”.

For further information contact Tim Richardson at FHP: 01332 343 222.

Tim has acted for us on our properties in Derby for several years and given us straightforward advice which has helped tailor our strategy. He has also achieved various lettings all to good quality companies and has sought to achieve the best outcome for us in terms of commercial agreement and strength of covenant, preferring to proactively seek out tenants who will be in the best long term interest of the estate.

Top class office space in the heart of the city centre is about to come on to Nottingham’s starved office market.

More than 26,000 sq ft of Grade A space in a landmark building on Park Row is currently undergoing a high quality refurbishment.

Landlords have decided to invest in the improvements to 37 Park Row, part of the imposing Cumberland Place development in Nottingham’s professional quarter. The space has been vacated by Nottingham Trent University and will now be given a comprehensive overhaul before it comes on to the market. This includes an external facelift, a new reception area, new interior facilities and substantially upgraded office space.

The property is being marketed jointly by John Proctor, from the Nottingham property consultancy FHP, and James Keeton, of the Nottingham office of national real estate advisors JLL.

“Nottingham is still chasing the dream of a speculative new office development which might attract some of the professional occupiers who we know are out there,” said FHP director John Proctor. “The mismatch between the cost of development and the rents that can be achieved continue to make that challenging, and building cost inflation is not making things ay easier.

“The office market is making progress, though, through the refurbishment of vacant existing stock which is in the right shape to serve the needs of modern, professional occupiers. That approach has worked successfully at Park View House nearby, where Mazars, Gateleys and Allied Irish Bank are among the tenants.”

He added: “Professional demand for office space is out there. Demand began to rise towards he end of last year and there are now some sizeable transactions in the pipeline.This is the year when moves are going to be made.”

James Keeton, Associate Director at JLL, said that though occupiers were frustrated by limited opportunities to relocate and upgrade refurbishments projects like Park View House and 37 Park Row and work at other sites would help redress the balance.

He commented: “Park Row will deliver 26,331 sq ft of Grade A space to a very high quality, with open plan offices and a feature reception, situated right in the heart of the central business district.

“Once the refurbished offices are ready for occupation they will significantly increase the volume of office space immediately available in the city centre, albeit take-up is already starting to bring this down.”

The refurbishment works at 37 Park Row are expected to be completed in May.

For further information contact John Proctor at FHP on 0115 950 7577

FHP have been appointed by London and Scottish Property Asset Management to market one of Nottingham’s landmark buildings – Stanley House, Talbot Street, Nottingham.

The historic building dates back to the 19^th century and was substantially refurbished in the late 1980s / early 1990s when new build offices were developed behind the original façade.

London and Scottish are now committed to undertake a complete refurbishment of the 32,000ft² building to offer suites from 5,000ft² to 32,000ft² in size.

John Proctor of FHP who is handling the instruction confirmed:-

“It is great news for Nottingham that a landmark building of this nature is to be retained for offices. The strengthening office market is enabling buildings to be retained for office use. Up until recently the majority of buildings would simply have been lost to residential.

Nottingham still has the privilege of having the largest central office community within the East Midlands area and it is essential that good quality offices are offered to enable the strength of the City to be maintained.

The contribution of the business community to the success of the Nottingham City Centre is often undervalued / underestimated. Both Derby and Leicester have tried for years to be able to increase the popularity of their respective City Centre office representation and it is important that Nottingham realises this and protects its central business community”

ENDS

For further information please contact:

John Proctor at FHP Property Consultants on 0115 950 7577

FHP Property Consultants are pleased to bring to the market this high quality 2 storey office building at Key Point Office Village, Alfreton which enjoys an excellent location off the A38 dual carriageway, approximately 2 miles from Junction 28 of the M1.

The building is finished to an excellent standard and provides some 1,360ft² of accommodation together with designated parking.

Tim Richardson from FHP comments:

“This is a rare opportunity to buy your own premises in a very accessible location and we are anticipating a good level of interest”.

The property is available for purchase with a guide of £160,000, or alternatively on a new lease quoting £13,950 per annum.

For further information contact Tim Richardson at FHP 01332 224 857.

FHP Property Constultants are delighted to offer to let a high quality ground floor office suite situated on Derby’s premier business park.

The premises extend to some 170m² (1,829ft²) of office space, which includes gas central heating, raised access floors and air conditioning.  The building fronts on to Riverside Way and has on-site car parking.

There are excellent facilities on Pride Park including Starbucks, David Lloyd, Frankie  & Bennys, Subway, Greggs and Seven Restaurant.

The property is available to let by way of a new lease direct from the landlord.

For further information please contact the agent, Tim Richardson at FHP on 01332 343 222.

Acting on behalf of Clowes Developments in conjunction with joint agent Salloways, Tim Gilbertson of FHP is delighted to confirm a further substantial leasehold disposal at Ivanhoe Business Park at Ashby-de-la-Zouch.

The latest deal sees expanding locally based company, Health Safety & Engineering Consultants Limited relocate from their former base in Ashby to modern purpose built office accommodation on the fringe of the town in a prime location within minutes access of the M42.  Yet another successful deal on the park now leaves us merely with one existing office available immediately of approximately 4,500ft².

However, with plenty of land and numerous ongoing discussions at present to offer design and build solutions for both office, industrial and warehouse operators on the remainder of the site, further deals are expected shortly.

Speculative solutions can be offered to purchase or rent and for further information please contact Tim Gilbertson at FHP on 0115 9507577.

Frustrated by a slow internet connection?  Super fast fibre optic broadband has been installed at Laurie House providing an excellent connection to serve all requirements that may be needed in the building. This has helped secure Citibase as the first tenant who have taken the 4^th floor providing a brand new serviced office centre in the City.  Laurie House can now offer accommodation from one desk upwards to a total of nearly 30,000 ft².  Citibase are now the largest independent operator in the sector providing fully serviced business centres for cost conscious SME’s.

James Richards from owners of the building, Clowes Developments says, “we have invested a very significant sum in refurbishing and upgrading the property including the fibre optic broadband connection, feature illuminated frontage, Italian stone cladding and internal fit-out”.

Tim Richardson from FHP Property Consultants, adds “We are delighted that Citibase saw the advantages offered by the building including broadband, refurbishment and City Centre location.  Further space is available and we welcome all enquiries ranging from a single office to requirements for 300 people.”

Laurie House is situated in the City Centre close to Victoria Street and is therefore readily accessible to restaurants, cafés and shops, as well as being easy to get to from the Inner Ring Road.  Car parking is available in the adjoining multi-storey.

For further information please contact Tim Richardson at FHP or joint Agents Knight Frank.

As a result of changes in the private education sector, Grosvenor School on Melton Road in Edwalton was forced to close its doors back in the summer of 2014.

The owners of the school instructed FHP to handle the marketing of the property which has resulted in a sale of the main school building and the nursery building to the well-established nursery operator, Child’s Time Limited.

David Hargreaves, who acted on behalf of the Vendors, confirmed that the proposal is to demolish the existing nursery building and turn it into a playground, whilst moving the nursery school into the main school building.

Matthew Liggins of Musson Liggins, who represented the Purchasers, said:-

“By relocating the nursery into the main school building it will provide my clients with significant scope to develop the nursery over the coming years and build on the strong brand and reputation they already have.”

David Hargreaves said that FHP and FHP Living have now been instructed to sell the remaining land which comprised the Grosvenor School and which is capable of being developed to provide 3 substantial detached houses on a subject to Planning basis.  FHP expect to secure offers in excess of £1million.

FHP acted on behalf of the Oldershaw family, whilst Musson Liggins acted on behalf of Child’s Time Limited.

FHP Property Consultants are delighted to announce the sale of the ground floor offices at 2.2 Clarendon Business Park to GeoDyne Limited, an independent Geotechnical and environmental consulting engineers with offices in Nottingham and Derby.

This marks an expansion of GeoDyne’s Nottingham office following positive performance and expansion over the last few years.

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

“GeoDyne had been in the market for some time looking for freehold office accommodation and the difficulty has been the lack of options available to purchase in Nottingham and also the general lack of car parking provided with the majority of the options.”

“Clarendon Business Park offered a high level of car parking (approximately 5 spaces per 1,000ft²) and the accommodation suited GeoDyne’s needs well.”

“There remains a lack of accommodation For Sale on the market and enquiries looking to purchase within this size bracket only have a handful of options in the whole of greater Nottingham, which is resulting in a steady increase in freehold values being achieved and vendors are now becoming ever more bullish when looking at freehold quoting figures.”

END

FHP have handled Waterfront House, a 74,000ft² self contained office building, since it was constructed in 2006 and Shakespeares join a high profile line up which includes BWB Consulting, Coca Cola, Ikano, Grant Thornton, Shoosmiths and Brewin Dolphin.

The move continues Shakespeares relocation of their regional offices into modern open plan single floor plate office buildings.

John Proctor of FHP confirmed:-

“Our Clients took the bull by the horns to refurbish the space to provide good quality open plan offices and have reaped the rewards.

Southside continues to strengthen as a business district and the letting continues the theme of good quality refurbished space letting quickly.

We finally seem to be seeing the economic recovery leading to increased confidence in the Nottingham office take up and I hope that this will continue and lead to us finally seeing new speculative development to provide much needed new Grade A stock”.

4^th February 2015

John Proctor

For further information contact John Proctor at FHP on 0115 950 7577

FHP have confirmed that detailed planning consent has been granted by Nottingham City Council allowing an exciting new development to be brought forward on the remaining 3.5 acres at Davidsons’ Portal site on Queens Drive in Nottingham.

The scheme will develop a new 43,000ft² Dunelm Soft Furnishings Store to allow them to relocate from their existing store on Radford Boulevard to a more prominent and more central location.

Davidsons will also be delivering a prestigious two storey car showroom at the entrance of the scheme and there will be a self contained three storey office building of approximately 14,000ft².

John Proctor at FHP has been advising on the scheme and agreed a letting to Dunelm and confirmed:-

“We are delighted to receive the green light to this scheme which will redevelop one of Nottingham’s most prominent undeveloped sites on the Queens Drive entrance into the City Centre.  Davidsons have worked hard at introducing high quality design and elevations to both the retail and car showroom element and we look forward to seeing the scheme take shape over the forthcoming months”.

27^th January 2015

John Proctor

For further information contact John Proctor at FHP on 0115 950 7577

Derbyshire based commercial property developer and investor PMW Property Developments have recently purchased 4 office units at The Village Office Scheme in South Normanton.

Unit 22 – 28 are all of approximately 2,000 ft² each.  Unit 22 is now under offer, whilst Units 24 and 26 area available to let although a sale will be considered.  Units are available individually or combined totalling approximately 4,000ft².  The units are finished to an excellent standard including raised floors, feature lighting, suspended ceilings, high quality fixtures and fitting including kitchens with integral white goods, air conditioning and on-site parking.  There is a manned security gatehouse at the entrance to the estate which is a managed courtyard environment.

Mike Wrigley of PMW commented:

“The Village has faired well over the last few years and we were pleased to secure a purchase of these final units to add to our investment portfolio.  We have received good early interest in the premises”.

Unit 28 is currently occupied.

Letting Agents on the scheme are FHP Property Consultants through both their Derby and Nottingham offices.

Tim Richardson of FHP commented:

“These are good quality offices in a very accessible location off Junction 28 of the M1 and ideal for businesses in the area who prefer to have good road connections which are available through both the M1 and A38 dual carriageway”.

For further information please contact Tim Richardson at FHP on 01332 224 857.

FHP acting on behalf of CUK Clothing Limited have completed a letting of some 50,000 sq ft to Torch Academy Gateway Trust for a Free School.

The School, which opened to new pupils in September at Haydn Road, is in the former Courtaulds factory.

FHP introduced the opportunity to Torch Academy Gateway Trust, whilst Matt Robertson at JLL’s Nottingham Office acted on their behalf.

FHP in conjunction with Innes England have been retained by CUK Clothing Limited to seek tenants for the remaining accommodation occupied by Courtaulds totaling approximately 25,000 sq ft at ground and first floors.

David Hargreaves of FHP said: “The ground floor will be appropriate for retail use, sitting next to the 25,000 sq ft Courtaulds Factory Shop, whilst the first floor provides first class open plan office accommodation with a variety of individual meeting rooms.  The vacant accommodation benefits from some 150 on site car parking spaces to the rear of the building.

FHP and Innes England will be bringing the accommodation to the market in the New Year.