Commercial Property Partners sell two regional offices in multi-million pound deals

April 19th, 2024

Two office buildings in Ilkeston and Sheffield have been sold in deals brokered by Commercial Property Partners (CPP).

Mercian Close office located in Ilkeston provides 18,115 sq ft of accommodation over two floors and is currently leased to Derbyshire County Council.

St Mary's Court in Sheffield, is a detached three-story office building covering 14,609 sq ft. Tribal Education Ltd occupies the first and second floors.

The e transactions were executed on behalf of an institutional investor.

CPP director Robin Bullas said: "We're delighted to have completed on two significant regional office sales given the current market conditions.  

"These types of deals are indicative of a stronger 2024 as the sector continues its recovery with more firms now making provisions for staff to return to the office in larger numbers alongside hybrid working practices and more investors now starting to reinvest into regional offices."