The Business Magazine - B2B Business News - Site Logo

Warning: Undefined array key "tbm_visit_edition_me" in /home/970822.cloudwaysapps.com/utkbfqnuhr/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 27
The Business Magazine - B2B Business News - Site Logo
The Business Magazine July 2024
Read now
PICK YOUR EDITION

Office block sells for £400,000 in deal brokered by Bromwich Hardy

The Business Magazine article image for: Office block sells for £400,000 in deal brokered by Bromwich Hardy
9 March 2022

A Coventry office block has changed hands for more than £400,000 in an investment deal concluded by commercial property specialist Bromwich Hardy.

PLP Investments Limited of Leamington Spa has acquired the offices at 6 Cobalt Centre on Siskin Parkway East from Inspire Investments Holdings in a deal overseen by Bromwich Hardy partner David Penn.

David said the sale – for £410,000 - showed there was considerable interest in investment opportunities in high-quality, modern offices as business started to recover from the impact of the pandemic.

“The picture which is emerging is one of a hybrid culture in which office space will continue to play a central role for the vast majority of businesses for a good many years to come. That being the case it will remain an attractive proposition for investors.

“Well-built, modern and well-positioned accommodation such as this will continue to generate strong interest, particularly when it comes with a high-quality tenant on a long lease.

“In this case, the office is home to Polar, an international manufacturer of high-tech health and fitness monitoring equipment, which only recently agreed a five-year lease on the two-storey offices in a deal we again concluded.”

David said the 3,178 sq ft site was superbly located – close to Coventry Airport and with good access to the motorway network – and ticked many of the boxes investors were looking for in the current market.


Share 

Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.

Latest deal ticket

All deals

Events

All events

Related news


Group Titles

Dorset BIZ NewsHampshire BIZ News
cross