Partner Article

Office sale shows strong demand remains for investment opportunities

A Coventry office block has changed hands for more than £400,000 in an investment deal concluded by award-winning 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.

The deal is the latest success for Bromwich Hardy, which consistently features at the top of the rankings for most successful commercial property agencies both in the West Midlands region and further afield.

This was posted in Bdaily's Members' News section by Melanie Boulter .