Evo Park sold in £7.5 million deal

Evo Park, a multi-let office and hybrid scheme at Sherwood Park at Junction 27 of the M1 motorway has been sold. FHP Property Consultants acted on behalf of the sellers, Bauland Properties, a fund managed by Praxis Real Estate Management.

The scheme comprises a multi-let estate of office and hybrid buildings boasting an excellent tenant line up including Nottinghamshire County Council, Infosys, NMCN and Zeppelin Systems, totalling some 110,000ft². The property was purchased with the potential to add future value through increased occupancy levels and rental income.

Mark Tomlinson of FHP Property Consultants, who acted on behalf of the sellers, said: “Clearly we are delighted to have secured such a good result for our clients.  We had worked on this scheme for a number of years, adding to a good quality tenant profile with recent lettings to Infosys and NMCN.  The park provides a very good standard of product which is well placed in the market considering an increasing lack of office supply in the region.”

Will Torr of HEB Chartered Surveyors acted on behalf of the purchasers and NG Chartered Surveyors were the joint agents in the sale.