NHS Trust signs major property deal in Lincoln

Chartered surveyor Banks Long & Co has leased a landmark Lincoln building to an NHS Trust, following a major revamp costing over £1m. Beech House in...

Invest now in construction skills, warns Coole

The head of the East Midlands Property Alliance (EMPA) says that the industry should invest in the future of construction sector now - before...

Future of Heanor site to be settled

Derby College is set to make a decision later this month on the future sale of its former site in Mundy Street, Heanor, following...

Trimcraft on the move in Nottingham

A Nottingham based arts and crafts distributor has continue its growth plans with new premises in the west of the city. Trimcraft, a family-run business...

Work begins on Coalville affordable housing scheme

Work has begun to build 28 new affordable homes on the site of the former Forest Way School on Waterworks Road in Coalville. Designed...

Custodian REIT dips into Brum market

Custodian REIT, the Leicester-based property investment company, has bought a prominent office building in Birmingham city centre. The company has snapped up Lancaster House,...

Franklin Ellis secures planning approval for Colwick resi scheme

A residential development in a Nottinghamshire riverside setting will go ahead after it secured near unanimous backing from planners. McCann Homes is expected to...

FHP go Dutch with Alfreton deal

FHP property consultants have agreed a letting to the Dutch firm, Light & Living, for Unit 6 Securiparc, Wimsey Way, Alfreton, on behalf of...

Plans due in for Chesterfield’s former Co-op building

A planning application is to be submitted to Chesterfield Borough Council seeking permission to convert the town’s landmark former Co-op store for a mixed...

Phillips Sutton completes Leicester retail investment deal

Sam Sutton and Mark Vernon Leicester-based Midlands commercial property agents Phillips Sutton Associates (Phillips Sutton) has acquired a retail warehouse investment in Leicester in an off-market transaction that was completed within a month.
The 19,000 sq ft retail warehouse, located on Churchgate in Leicester, is let to Matalan for a further eight years. A&J Mucklow acquired the investment from CBRE Global Investors for £2.675m.Sam Sutton of Phillips Sutton said: "This is a great inward investment story for Leicester. The city is continually proving that it is an attractive place for investors because of its transport links with the rest of the UK. In this instance, the location of Matalan and its proximity to Highcross/Vaughan Way/Ring Road makes it a great fit for our clients and their tenant, with the added bonus that the unit has potential alternative uses in the future.”Mark Vernon of A&J Mucklow added: “We bought the property as it provides eight years of secure income with potential for rental growth and it also has a strong residual position because of its prominent location within the ring road and close to the main retail centre.“Private and public sector investment in Leicester city centre has much improved its appeal and hopefully will continue to do so strengthening its position relative to other major centres. The commercial property market in the East Midlands is generally strong mirroring the wider market dynamics in the UK.”

Must Read

£450k boost for Fenwick revamp plans

Plans for a major revamp of Leicester’s historic former Fenwick building are set to get a boost with £450,000 of council investment for a...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close