Acting on behalf of Regentsmead, FHP Property Consultants has completed the sale of offices at 8 Castle Quay, Nottingham to Unite the Union.
Unite intends to use the detached, self-contained office building as a new regional base.
Mark Tomlinson of FHP, who acted on behalf of the vendors, said: “This property unsurprisingly gathered excellent levels of interest and after just four weeks of marketing, we brought the process to a sealed bids process. This, among some other recent transactions, highlights the lack of freehold options in the city centre and as such we are seeing an improvement in capital values driven by increased occupier demand and scarcity of supply.
“I am sure the property will serve as an excellent premises for Unite the Union given the buildings profile, being located just off Castle Boulevard, which is a highly accessible location for the members”.