FHP Property Consultants, acting on behalf of clients, have completed on the sale of 52A High Pavement in Nottingham’s historic Lace Market – also known as ‘The Creative Quarter’.
The former lace works has been snapped up by Waste Studio, an expanding creative design agency – who were already based in the area.
The building provides circa 2,800 sq ft of office accommodation over three floors. Built in 1897 the property has only had two previous owners, both of which have retained many period features including original goods lift hoist, sash windows, wooden flooring, staircase and heating system – all of which provide a building with great character and history.
Thomas Szymkiw of FHP’s Office Agency Team said: “Buildings such as this in The Lace Market rarely come on the market, therefore I am delighted for Norman and the rest of the team at Waste Studio who have secured a fantastic base for their operations moving forward.
“The office market in the area really is going from strength to strength and with several disposals already completed this year, The Lace Market continues to be in high demand for occupiers.”
Norman Hayes, creative director of Waste Studio, said: “We’re super excited and proud to have now completed purchasing our first property as Waste Studio.
“Nottingham has been the home to our business for the last 12 years and we feel proud to finally invest and further lay foundations within Nottingham, especially in the beautiful Lace Market area.
“Our new building is full of original character and the space it provides is perfect. We plan to create an epicentre for creativity, providing flexible spaces that will work not only as our studio environment but also allow for events, talks and collaborations to happen.
“Over the coming months, we will develop the building bringing it up to date whilst preserving all of the original features.”
