Staffordshire Office Buildings Sold

Posted by | April 04, 2018 | Lichfield South, News | No Comments

Three office buildings in Lichfield, Staffordshire have been sold for £10.8m.

Lingfield Assets, represented by Savills, has sold the buildings at Lichfield South to clients of Blue Marble Asset Management.

Totalling 43,000 sq ft, the properties are predominantly let to Voyage 1, Dimension Data Network Services and Ascom (UK). They form part of the wider 23-acre Lichfield South office, technology and leisure park.

The scheme also includes David Lloyd Health & Racquets Club, Holiday Inn Express and various restaurants and cafes, all of which have been developed by Lingfield Assets.

Steve Benson, investment director at Savills, said: “This prime office investment opportunity attracted significant interest thanks to the quality occupier line up and attractive yield.

“We are pleased with the strong sale price achieved on behalf of our client.”

John Griffiths, head of development at Savills Birmingham, provided leasing and development advice on the scheme.

He added: “The institutional sale is testament to the quality and strategic location of this asset, both factors that continue to generate significant occupier interest in the remaining 12 acres.”

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