Monday, May 23, 2022

String of office deals completed at The Atrium in Nottingham

Acting on behalf of Truelove Pension Fund, FHP have completed a number of office lettings within The Atrium, a multi occupied city centre office building, following increased deal activity within the sector.

FHP were instructed to market The Atrium at the start of 2021, at which point the building had some 20,000 sq ft of vacancy, with various tenants having decided to vacate spaces as a result of the Coronavirus pandemic.

Since then, the landlords, Truelove Pension Fund, have undertaken various refurbishments within the building and alongside FHP’s marketing efforts have now concluded the lettings of five suites within the building totalling 18,000 sq ft.

Mark Tomlinson of FHP, who acted on behalf of the landlords, said: “Much has been made of the changes within the office sector, but these lettings prove that the office market is still very much alive and kicking for the right quality of spaces.

“We have seen many occupiers reconsider their requirements and adopting a more flexible working strategy and seeking to improve the overall quality of their office accommodation to enhance working environments going forwards.

“There remains a lack of supply of good quality spaces within the sector and we expect to see deal activity to improve during 2022, once occupiers put their new office strategies into place.”

Kate Truelove of Truelove Pension Fund said: “We are delighted to have secured a number of lettings in The Atrium in a short space of time during the middle of a pandemic. It shows office-based working is here to stay going forward and we would like to thank FHP for their hard work in securing a strong set of tenants throughout the building on long term leases.”

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